WHO IS ACCREDITED?

Private Organization Accreditation

Children's Home Society of Florida delivers a unique spectrum of social services designed to protect children at risk of abuse, neglect or abandonment; to strengthen and stabilize families; to help young people break the cycle of abuse and neglect; and to find safe, loving homes for children.
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ORGANIZATION TESTIMONIAL

Holy Family Institute

Sister Linda Yankoski, President/CEO

The Council On Accreditation provides all stakeholders involved in the delivery of social services the assurance that the organization is credible, effective, and is committed to quality improvement. The COA process is an important tool for anyone involved in leading an organization to establish best practices and maintaining and updating these practices over time.
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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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