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Board reviews Bank of America checking account; fundraising policy not yet in place
Summary
SLATE staff updated the board on a Bank of America checking account established to receive donations and noted the organization lacks a formal fundraising policy and bank-account administrative procedures; staff are waiting on a policy split from Armanino and additional guidance from peer organizations.
Board members discussed a Bank of America checking account SLATE established to function as a pass-through for donations and other funds, and staff confirmed SLATE currently does not have a formal fundraising policy or administrative procedures for the account.
Connie Johnson, a SLATE staff member, told the board an outside…
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