The purpose of the Finance Committee is to protect the organization’s assets. The Finance Committee reviews and tentatively approves the annual budget and financial statements, pending final approval from the Board. The Committee also reviews the investment strategy, in order to determine if there is a need to make future directional modifications, and bring these forward to the Board for final approval. Finally, the Finance Committee reviews the internal financial controls, with a particular focus on the adequacy of the documentation, in accordance with all applicable regulations and accepted practice standards.
View Finance Committee Charter.