Winter 2019
Inside Track – ROAD RUNNERS CLUB OF AMERICA Lead photo: Congratulations to the winners of the RRCA Texas State Championship on November 25, the HMSA Classical 25K, six of whom are pictured with RRCA South Texas State Rep L ee Greb (in y ellow, of course).
Overview of Fiduciary Obligations for Running Clubs By Brenda Groskinsky – RRCA Kansas State Rep & Past-‐ President, RunLawrence
The RRCA recommends that running clubs should be the #1 beneficiary of club-‐ earned funding from events they own, followed by giving opportunities to nonprofit partners in their communities. As such, the following tips are designed to provide guidance and talking points for club boards to review at their next board meeting. • Running club board members should have an understanding of the following fiduciary obligations which include: making sure that adequate income is available, ensuring that there are controls to not overspend, and policies and procedures are in place to safeguard club assets.
• Board members should review their Strategic Plan annually. If they don’t have one, they should consider developing one.
• Board members should ensure that their spending matches elements in their strategic plan. For example, do your charity partners align with your mission and your strategic plan.
• Board members should regularly review financial statements (recommend no less than quarterly). Continued on next page
We Run the Nation!
IN THIS ISSUE: Overview of Fiduciary Obligations for Running Clubs Understanding SafeSport and Implementing Policies for Your Organization 61st RRCA Convention Spotlight And More