SkillCity Project Name: Financial Management & Accountability Systems Setup and Training Edmonton, AB
SkillCity Institute is a social impact organization headquartered in Edmonton, Alberta, aimed at removing barriers and creating opportunities for under-represented and under-resourced communities in Canada. SBCC grant funding provided SkillCity with $29,000.00 to strengthen the organization’s operational effectiveness and accountability. SkillCity is a growing organization that partners with businesses, education providers, and the community to foster work skills development, entrepreneurial culture, and lifelong learning. With a focus on the business of enhancing socio-economic development and well-being, it is imperative for the organization also to demonstrate its own sound
financial processes and procedures. SBCCI’s funding for this project has helped SkillCity to set up working policies and procedures in financial management on an agency-wide basis. More importantly, the funding has allowed the organization to teach staff to utilize the newly established accounting system. By ensuring staff has the knowledge and ability to use the system, SkillCity has set themselves up for success long into the future. Training for staff on budgeting and cash-flow management, as well as financial reporting, should be a requirement for all non-profit organizations. SkillCity is leading the pack by using this funding to set up a future-oriented accountability system. 29