4-H Financial Peer Review Form - Wsu Extension Page 2
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2PEER REVIEW
An annual peer review audit for 4-H club/group funds must be done at the end of each
4-H year. The audit should be conducted by 4-H members, parents, leaders, or other
qualified individuals who have not been handling club/group finances. A written
report documenting the results of the audit is recommended.
The audit should answer the following questions:
o Do Treasurer records agree with bank records?
o Are Treasurer Book balances actually on deposit with the bank?
o Are receipts actually available to verify expenditures?
o Have funds raised been reported and deposited appropriately?
o Have adequate financial records been kept?
o Was a motion passed by the club/group to justify the expense? Or a budget
approved?
It is required that each club/group complete an annual financial report for the County
4-H Council. Turn this form in to the county Extension office by November 30.
Sample Peer Review Committee Report.
Peer Review Committee Report for Group “Name”
October 1, 2011 through September 30, 2012
(What the committee did and found)
The Peer Review Committee reviewed the annual financial report, the monthly reports, the check resister, the
club/unit ledger, the bank statements, and checks. The committee also reviewed the budget and the resolutions
passed by the club/unit to determine if the treasurer was authorized to spend the fund.
The funds were found to be in balance and correctly accounted for. The ending balance as of September 30, 2012
is $149.00.
(Recommendations for future improvements)
The committee suggests that the club/unit use some type of computerized bookkeeping. A simple spread-sheet
would make the job easier for both the Treasurer and the Peer Review Committee.
Some fundraisers had expenses that were not budgeted. This needs to be taken care of in next year’s budget. The
budget could also be amended to include these items.
(Signatures and dates of the committee members)
___________________________
________
___________________________
________
Signature one
Date
Signature two
Date
___________________________
________
___________________________
________
Signature three
Date
Signature four
Date
WSU Extension – Kittitas County-901 E 7
Avenue, Suite 2, Ellensburg, WA 98926 - 509-962-7507
7/2014
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