WHO IS ACCREDITED?

Private Organization Accreditation

Debt Education and Certification Foundation (DECAF), a private non-profit 501(c)(3) organization, provides high-quality financial education and counseling, with nationwide outreach throughout the U.S. DECAF is HUD-approved, and recognized as one of the 100 Best Companies to Work for in Texas.
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ORGANIZATION TESTIMONIAL

Orange County Government, Youth & Family Services Division

Rodney J. Hrobar Sr., LMHC, CPP, Quality Assurance Manager

As the lead agency in Orange County, providing the safety net for children and families, it is reassuring that our clients can be confident that their needs will be addressed in accordance with the most stringent standards of public, as well as private, accountability as monitored and reviewed by the Council on Accreditation. 
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Purpose

The nonprofit organization’s financial accountability and viability are achieved through the application of sound financial management practices that accord with legal, regulatory and contractual requirements.

FOC
CA-FIN 4: Oversight of Investments

An organization that invests funds has controls to ensure the proper management of investments, including a committee established by the governing body, as appropriate, that:

  1. follows, and biennially reviews, an investment policy that outlines acceptable levels of risk, criteria for contracting with investment advisors or firms, and protocols for making investment decisions;
  2. oversees and reviews both the investment of funds and the management, purchase, or sale of real estate, securities, and other assets;
  3. ensures practices conform to applicable legal and regulatory requirements; and
  4. reports the status of investments and investment recommendations to the governing body.

NA The organization does not invest funds.

Rating Indicators
1
The organization's practices reflect full implementation of the standard.
2
Practices are basically sound but there is room for improvement; e.g.,
  • The investment policy was reviewed or updated between two and three years ago.
3
Practice requires significant improvement; e.g.,
  • Management manages investments with little oversight of the governing body.
  • Investment policy has not been reviewed or updated within the last three years.
4
Implementation of the standard is minimal or there is no evidence of implementation at all; e.g.,
  • The governing body plays no role in investment oversight; or
  • There is no investment policy.

Table of Evidence

Self-Study Evidence On-Site Evidence On-Site Activities
    • Investment policy
    • Governing body and/or committee meeting minutes 
    • Most recent investment review
    • Interview:
      1. Governing body finance committee members
      2. CEO/CFO
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