Demystifying Operating Reserves

Thursday, October 29
9:00 am-12 noon

Presenter: Hilda Polanco, FMA

Location: Bowditch & Dewey, 311 Main Street, Worcester
(Complimentary parking available in the B&D lot on Exchange Street)

Audience: Executive Directors and Board Officers; teams are strongly encouraged
Fee: $100 per 2-person team
To Register: Submit this form by Oct. 13. You will receive an email confirmation and an invoice for the full cost of the session, due on or before the session date.

Cancellation policy: Because we incur costs and may be unable to fill your seats, refunds will not be made for cancellations received within one week of the session, and outstanding payment will be due in full. We appreciate your understanding.

Do you have an operating reserve or wish that you did? Have you wondered how to explain current reserves to your funders or engage them in an effort to develop one? Attend this session to discover the principles and mechanics of reserve funds – including how operating reserves fit into your organization’s overall capital structure – and how an effective strategy bolsters your organization’s long-term sustainability.

You will leave this session understanding how to:

· Define and calculate operating reserves

· Determine the right amount of operating reserves for your organization

· Implement a strategy to gradually build up to a reserves goal

· Develop a board-approved operating reserves policy

· Manage operating reserves once the required amount is in place

· Communicate the “story” behind your reserve strategy to funders and other stakeholders