Each year ACE National negotiates a contract providing four types of insurance coverage for ACE and its affiliates that are in good standing, meaning in compliance with ACE policies and requirements. This insurance protects ACE and its affiliates – including volunteers, staff, consulting firms, and contributors – against different liability claims. Volunteers are defined to include mentors, guest speakers, and national and affiliate board members. To be covered, board members must: i) be listed in the ACE database and marked either “active” or “pending;” OR ii) be identified on a current list of board members posted on affiliates’ pages on the ACE website.
ACE National held an all affiliate webinar focused on Financial Management on October 8, 2020. The meeting agenda included an overview of financial tools, budgets and updated insurance information from ACE National, presentations from (2) affiliates on their best practices regarding the financial operations of an affiliate and compliance & record keeping.
TOTAL VIDEO DURATION: APPROX. 1 Hour 14 Mins
0:00 Financial Overview | ACE Tools 05:40 Greater Philadelphia – Financial Operation of an Affiliate 24:35 Northeast Florida – Compliance (P&L: Financial Record Keeping) 50:30 Budgets – Insurance Overview 55:35 Q&A