Policies or Procedures – What are their differences and why they matter
In its practice, Urban Futures Incorporated (UFI) has seen where the lack of effective financial policies has resulted in inefficient financial management practices, increased risk, and the misalignment of financial operations with the overall mission of an organization. At its best, finance works quietly in the background, contributing to the overall service delivery operations for a community. But when things go wrong, financial administration failures are painfully visible.
