Summary
QCCT manages funds responsibly to ensure donations and income are safeguarded and used for their intended charitable purposes. This policy outlines controls across the money lifecycle: receipting, banking, approvals, segregation of duties, authorisations, reconciliations, and reporting. It clarifies who can authorise expenditure, how thresholds are applied, and what documentation is required to evidence decisions.
By applying prudent financial controls and audit trails, QCCT protects donor intent, reduces the risk of error or fraud, and produces accurate, timely financial information for oversight by management, the Board, supporters, and regulators.
Highlights
- Segregation of duties and documented approvals
- Clear spending/authorisation thresholds and audit trails
- Timely reconciliations and accurate financial reporting
- Controls for receipting, banking, and disbursement
- Funds used only for approved charitable purposes
Applies To
All QCCT Personnel involved in receiving, holding, spending, or reporting on funds.