Financial Best Practices Workshops! | Compendium

Register for one of four FREE workshops across the state to learn about financial best practices presented by Pennsylvania Association of Nonprofit Organizations (PANO) speaker, Angie Lightfoot Roth!   

The purpose of the workshops is to provide full-day, hands-on sessions that will cover:

· Fiduciary responsibilities of PA public library boards of directors (with an emphasis on 501(c)3 organizations); and
· Financial best practices from the governance perspective of a board member and from the management perspective of a library director.

Workshops will be held:

May 14Grove City:
Midwestern Intermediate Unit IV, 453 Maple Street • Grove City, PA 16127
May 23 – Williamsport:
J.V. Brown Library, 19 E 4th St, Williamsport, PA  17701
June 5Harrisburg:
Harrisburg Pennsylvania Training and Technical Assistance Network (PaTTAN), 6340 Flank Drive, Harrisburg, PA 17112

June 22 Washington. Citizen’s Library (abbreviated agenda)
June 26Pittston:
Pittston Memorial Library, 47 Broad St., Pittston, PA  18640

Access the Agenda.  The workshops will discuss budgeting, reading financial statements, and assessing the financial health of a library.  Hear real stories and work on a case study!

The revised Pennsylvania Public Library Accounting Manual* (2018, PDF) will also be introduced. 

While the workshop will not provide training that is based on the Pennsylvania Public Library Accounting Manual, a brief overview of the revised manual will be given by pointing out those sections that will be most helpful for board members and library directors to review.  Sections of the manual will be made available; please print out the manual at the above link if you wish to have access to the entire manual during the workshop.  

Ask questions, meet with other trustees and receive materials for your use as a trustee or director!  Don’t miss this opportunity! 

Register nowRegistrations will be accepted on a first registered/first accepted basis.

The updated manual is intended to be of primary benefit to small, nonprofit libraries (those that receive $50,000 or less in annual state funding) that do not have a full-time bookkeeper or accountant.  The manual is designed to illustrate basic accounting principles in layman’s terms and to provide guidance about finding and using helpful online resources.  Larger libraries may also benefit from the accounting policies and procedures discussed in this manual.

—-This project is made possible by a grant from the Institute of Museum and Library Services as administered by the Pennsylvania Department of Education through the Office of Commonwealth Libraries, and the Commonwealth of Pennsylvania, Tom Wolf, Governor.