Finance Committee works closely with the treasure and the chief professional officer to ensure the financial health of the organization. During monthly meetings the committee is tasked with the following:
Review financial reports:
- Profit and loss (income and expense) statement – monthly and year-to-date actuals compared to budget
- Balance sheet
- Statement of financial position – monthly statement compared to previous year
Advise the board of directors of strength/weakness of financial position
Note: As of 1/4/18 Meeting time is tentative.