Business & Professional Ethics 7th Edition by Leonard Brooks,Paul Dunn

Exercise 122

I have a question that I need a bit of help on, but I am not sure where to turn, and I hope you maybe able to help me out.
I am the CFO of a charitable organization, it is a paid position and I am a professional accountant. We are currently presenting our budget to the Board of Directors, which is a volunteer Board. There is a chance they may pass a budget that is not fiscally possible, that is, we do not have the cash flow to execute it. It is not the budget we are recommending, but they may have us spend to levels of 25 percent growth (stretch budgeting). Both our treasurer and I have tried on numerous occasions to explain this to our President, but she and other Board members are not financially astute. Our treasurer has stated that he will go on the record to advise against any such spending and budget, and may even resign over it.
Question
What should the CFO do?