Finance Committee

Note: Articles published before January 1, 2017 may be out of date. We are in the process of updating this content.

Originally Posted: December 30, 2008

The primary duties of a finance committee are:

Overseeing organizational financial planning and ensuring the board approves the annual budget
Safeguarding organizational assets
Drafting organizational financial policies
Anticipating financial problems
Ensuring the board receives regular and timely financial statements
Ensuring accurate financial records are kept
Making sure all necessary legal reports are filed