Effective: January 27, 2018 Section: Revenue Cycle Administrator: Office of the Comptroller General Applicability: GNWT Departments and Public Agencies
POLICY
Donations of cash and/or non-monetary assets, having value to the recipient and where the donor expects and receives nothing in return, shall be accounted for as a charitable donation.
PURPOSE
To ensure that charitable donations are recognized appropriately.
SCOPE
This policy applies to receiving donations from private sector donors.
RESPONSIBILITIES
Deputy Head
Ensure that controls are in place to properly recognize donations that have a value to the organization.
Comptroller General
May approve Interpretation Bulletins associated with this policy.
Financial Management Board
May issue a directive respecting the financial management or financial administration of a Department or Public Agency.