When must units notify their wing FM and NHQ of donations or bequests exceeding a specific amount?

Units must notify their wing Financial Management (FM) and National Headquarters (NHQ) of donations or bequests exceeding a specific amount within 30 days of receipt to ensure proper accounting and compliance with regulations. This timely notification is crucial for accurate financial reporting and to maintain transparency in how donations are handled. By reporting within this timeframe, units help facilitate any necessary oversight and management of the funds, which can directly impact budgeting and resource allocation processes. Prompt communication also allows higher organizational levels to assist or provide guidance related to these funds, ensuring that they are used effectively in accordance with established policies.

The other options suggest longer time frames or need for immediate reporting, which can potentially impact financial control and oversight that is critical to managing organizational resources effectively. At the end of the fiscal year would not provide the necessary timely information for ongoing financial management and accountability practices.