ORANGE COUNTY CHILDREN’S THERAPEUTIC ARTS CENTER 13A

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Exhibit A contributions and increased volunteer support, as well as recognition by city and public officials. OCCTAC has been awarded several During the past six years in operation, OCCTAC has also built strong partnerships with key agencies that have helped the Center expand its' mission. Those partnerships include, for example, the County of Orange, Social Services to provide family counseling; the Santa Ana College to help support our parenting programs; and our college partners (the Santa Ana College, Chapman University, University of California in Irvine, Cal State Fullerton) to support our tutoring and mentoring programs that assist our families with homework support and literacy needs. In the recent year, the number of volunteer student tutors from the community and four -year -college has risen to fifty and is still growing. Accounting Method: OCCTAC utilizes an accrual -based account methodology. Revenue and expenses shall be recorded in the month that they were incurred or earned as opposed to the month that the cash is paid out or received. Cost Allocation Method: Costs shall be allocated using the Direct Cost Allocation Method (OBM Circular A-122). OCCTAC shall classify each item to a specific program, department, site, grant or contact that it directly relates to. Indirect expenses like general administration and general expenses shall be allocated based on the allowable budgeted portion of each program with the remaining portion to the center's administrative category. OCCTAC shall produce financial reporting for each of the Center's program functions. In consolidation, these programs shall make up the overall financial position of OCCTAC. All transactions (Payments and cash receipts) that occur at the center shall be classified under identified categories and programs. When program funding is split between two or more sources, the cost allocation for this program shall conform to the budget allocations established in the program. Budgets: Under the supervision of the Finance Committee and prior to the beginning of each fiscal year, the Executive Director prepares an Operational Budget. Tuition fees, Service fee rates, dues, subscription rates, etc., shall be approved by the Board. Any gifts (monetary or otherwise) resulting from fund-raising activities, solicitations and acceptance of gifts or contributions that are presented with restrictions of use shall be approved by the Board of Directors and submitted to the finance committee to verify the appropriate method of accounting and subsequent reporting. Receivable: Receivables shall be aged monthly and delinquent accounts shall be followed up for collection. Receivables from miscellaneous sources shall be reviewed periodically by the Treasurer and significant amounts shall be reported to the Board of Directors. All write-offs shall require approval from the Finance Committee prior to implementation. The Board shall review all write-offs from uncollectible accounts receivables. Deposits and Receipt of Monies: Deposit of monies shall be made on a weekly basis, or whenever more than one thousand dollars (in either cash or check) has been received and recorded by the OCCTAC office. All items to be deposited shall be stamped "For Deposit Only to the Account of OCCTAC with the appropriate bank account number. A deposit form for established OCCTAC accounts shall be completed with deposit slip details for cash or multiple checks. A copy of the deposit form, slip and all items to be deposited shall be made for accounting purposes and upon completion of the deposit attached to the deposit slip and turned into the accounting revenue in -box. To ensure appropriate financial controls, the individual making deposits shall not be the same person 14