 Treasurer's Report
Fiscal Year 2008-2009
As of June 30, 2009, Leadership Oklahoma has an endowment of $994,803 which was built during its early years by depositing a portion of the enrollment fees and lifetime membership dues and by fundraising efforts. The spending policy for the endowment is 4.5% which is allocated to the operating budget each year. The endowment is professionally managed (invested 60% equity/40% fixed income) and is maintained to provide support to the operating budget and for emergency funds for extraordinary events.
Leadership Oklahoma provides annual financial statements which are prepared in conformity with generally accepted accounting principles. The financial statements are audited by an independent auditor. Monthly finances and annual budget are reviewed monthly by the Finance Committee and approved by the Board of Directors.
Click here for a complete copy of Leadership Oklahoma’s IRS 990.
Click here for a copy of Leadership Oklahoma's FY09 Audit.
Steve James
2009-2010 Finance Committee Chair |
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