Here’s another case of a youth organization losing money to dishonesty within the organization.
How can your youth group prevent the loss of hard earned funds that should be used to benefit the youth participants?
First and foremost have two leaders verify all disbursements and deposits.
When cash receipts are accepted have to leaders verify the amounts received and reconcile the bank deposit to the those amounts.
Reconciliation of bank deposits need to be done by someone other than the person handling receipts and disbursements.
Do not build up excessive cash balances beyond what the organization needs for immediate use. Put excess cash in a restricted account that can only be accessed by two or more board members.
Take a proactive approach to protecting the groups finances so the program in not negatively affected.
Link here to AZfamily.com