Field Accounting Structure

Field Organization and Key Policies

Each field entity (chapter, district, region) must:

• Establish financial practices and procedures per SCORE’s Accounting Policies and Procedures. The following should be included in those procedures:
  • The requirement for chapter chair approval on any expenses of $2,000 or more, and
  • The requirement that all expenses are for legitimate business purposes.

• Ensure that chapter funds are controlled and monitored.
• Report financial activities as required by SCORE Headquarters Finance team.
• Set budgets based on the chapter’s business plan
• Have ongoing fundraising efforts to ensure sufficient funding for ongoing chapter operations.
• Maintain funds not to exceed 12 months
  • The goal for chapter funds to ensure proper cash flow for routine operations, not to grow cash reserves.
  • If a chapter has in excess of 12 months of operational expenses, without a plan to utilize the funds to further SCORE’s mission, there are 2 actions that may be applied.
    • The District Director may reallocate the chapter’s budget allocation until chapter funds are consumed
    • Chapters can donate funds for expansion efforts local within their district