Finance

A finance committee is crucial for overseeing the financial health and stability of an organization. Here are some of the key responsibilities of a finance committee:

1. Budgeting and Financial Planning: They work with staff to develop annual and multi-year budgets, setting financial goals and ensuring resources are allocated effectively1.
2. Financial Reporting and Monitoring: They review financial statements and reports to monitor the organization's financial performance and ensure accuracy2.
3. Internal Controls and Risk Management: They establish and review internal controls to safeguard assets and manage financial risks1.
4. Audit and Compliance: They oversee the audit process, ensuring compliance with legal and regulatory requirements3.
5. Investment Oversight: They manage the organization's investments, ensuring they align with the overall financial strategy and goals1.

These responsibilities help ensure that the organization remains financially sound and can achieve its mission effectively.

 CHAIR: GRANT ARBITTER