MASS Financial Policy

MASS has a sound financial policy and procedure manual which guides the organization when dealing with all financial related transactions. The organization have a general account and specific accounts for each project implemented, in this case the account for this project will be managed by the Board of Trustees in which the director is the signatory category A, while the Financial Trustee is the signatory category B. In order to conduct any transaction within the project account all signatories must agree and sign the request and the bank cheque.
On the other hand, to be effective and for control purposes, MASS has a computer package to monitor and report all financial transactions. Each month the Accountant cum Financial Manager produces a financial statement that indicates amounts of money spent according to the budget codes and the balance retained. The financial information allows staff members to keep track of the expenses according to the budgets and program implementation.
In addition, our accounts are annually subjected to auditing by private external auditor who compiles our audited accounts for submission to the board of Directors and departments of government concerned.