View source for FINANCE BANKING OFFICER

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== Definitions ==

1. the [[FINANCE_OFFICE|Finance Office]] is an [[AUTONOMOUS|autonomous]] [[OFFICE|Office]] ([[SIMILAR|similar]] to the [[GUARDIAN'S_OFFICE|Guardian's Office]]). It has representatives in every [[BUREAUX|Bureaux]] and every [[CONTINENTAL_LIAISON_OFFICE|Continental Liaison Office]] and every [[ORG|org]], SO and [[SCN|Scn]]. It is located on the org board in the [[OFFICE_OF_LRH|Office of LRH]]. Its representative is called the [[FINANCE|Finance]] Banking [[OFFICER|Officer]] ([[FBO|FBO]]). The FBO verifies and collects all [[INCOME|income]] received by the org from the [[CASHIER|cashier]] or Income [[DEPT|Dept]], [[DIV|Div]] [[III|III]], [[TREASURY_DIVISION|Treasury Division]]. This is done daily. The FBO immediately banks this [[MONEY|money]] in a Finance Office [[ACCOUNT|account]] or in his safe, making express and useful records of this [[ACTION|action]]. When the org or activity has undertaken its [[FINANCIAL_PLANNING|financial planning]] (FP), the FBO on his [[OWN|own]] discretion then transfers to that org's [[MAIN_ACCOUNT|Main Account]] the needed [[FUNDS|funds]]. This is the [[ALLOCATION|allocation]]. The [[SOLVENCY|solvency]] of the orgs and areas is the [[RESPONSIBILITY|responsibility]] of the FBO. The FBO [[STATISTICS|statistics]] consist of [[CASH|cash]] [[PAID|paid]] in to [[MANAGEMENT|management]] [[CENTRAL|central]] reserves and the allocation -[[PRODUCTION|production]] [[RATIO|ratio]] of each org and of the [[AREA|area]].
''(HCO PL 29 Jan 71)''

2. an org with an FBO makes more money and has a [[BETTER|better]] paid [[STAFF|staff]] and makes it more worthwhile for [[FLAG|Flag]] to manage it than any org ever would without an FBO. The purposes of the FRO are (1) to make the org make more money. (2) to give the org a well paid staff. (3) to make it very worthwhile for Flag to manage and [[HELP|help]] it. An FBO must know how to make money. An FBO must know how an org makes money and keeps its reputation with excellent delivery. An FBO must know the [[POLICY|policy]] expertise used in making money
''(HCO PL 23 Sept 71)''

3. it is a duty of the FBO to safeguard incoming monies and to ensure that all income is properly and legibly invoiced by the org and that the exact same amount is collected and receipted and banked by himself each [[DAY|day]].
''(BPL 17 Feb 71-1R)''