TALLER SAN JOSE (5) - 2012 - Laserfiche WebLink

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C. Fiscal Capacity Since opening in 1995, Taller San Jose has been funded by nearly 75 different foundations and over 1500 individual donors. The Organization's FY 2011 -2012 operating budget is $2,722,786. The breakdown of revenue sources is as follows: Individuals- 14 %; Corporate /Foundation Grants- 46 %; Special Events -24 %; Sisters of St. Joseph — 8 %; and, Government grants- 9 %. Accountability requirements and administrative measures have been developed to handle reporting requirements and tracking systems for all income and expenses including grants received by Taller San Jose for program purposes. Fiscal data is recorded in QuickBooks Enterprise. There is an accounting manual available upon request which details the complete system. There is an annual independent audit. In addition, an annual budget is used to plan expenditures and costs, which is approved by the Board of Directors. Financial statements are prepared monthly, and reviewed by the Executive Director. On a bi- monthly basis, financials are reviewed by Department Managers, the Finance Committee, and the Board of Directors. Taller San Jose maintains a procurement policy (attached) and is capable of providing monthly invoices for services provided. Costs are accumulated in the general ledger by account and grant. Cost reports and invoices are prepared by the Controller who has been a Certified Public Accountant for 24 years, and has had extensive experience with small businesses, especially concentrating on nonprofits and computer software companies. She holds a B.S and an M.B.A. in Finance. (Please see most recent 2 years of audited financial statements in Attachment G). A Subcontracting Taller San Jose will not sub - contract client services or activities. Exhibit A 12