Purpose

To recommend finance policies and budget that support the mission, vision and values and strategic plan of the Association and to monitor the Association’s financial performance.

Composition

The Committee is comprised of at least six persons including three directors, the Executive Director and the Administrative Specialist/Finances and, in addition, individuals with qualifications and diverse experience in investment. (Outside professionals may serve in an advisory capacity).

Major Responsibilities

• Consults and/or advises the Executive Director and Administrative Specialist/Finances regarding the proposed annual budget and other financial matters.
• Reviews financial statements of the association as prepared by the Administrative Specialist/Finances.
• Reviews the investment portfolio and periodic reports, and offers critical appraisal of the fiscal agent(s) servicing the portfolio.
• Oversees the long and short-term financial status of the NACC.
• Highlights particular areas of concern or focus and brings to the attention of the Board.
• Receives and reviews the auditor’s annual financial report and recommendations.
• Recommends a proposed budget for Board approval
• Reviews financial policies and makes recommendations to Board.
• Establishes and oversees investment policies and procedures.
• Treasurer/Chair will present committee recommendations to the Board. This statement is not parallel in construction; is that a concern?

Criteria

Experience with/interest in financial matters.

Finance Committee Roster