Purpose:

The Finance Committee meets on the Fourth Wednesday of the month from 9:30 to 10:30 a.m. at the ACBA Headquarters or via webinar.

The Finance Committee shall assist the treasurer in overseeing and ensuring the safe and prudent management of the Association’s finances and ensuring that the Association complies with all laws and regulations affecting the finances of the Association, its divisions, sections, committees, affiliates, subsidiaries, and related entities. To fulfill this responsibility, the Committee shall review and make recommendations to the Board of Governors and the Executive Director with regard to the following:

1. the monthly financial statements;
2. the fiscal and investment policies, including the monitoring of the results and performance of the Association’s investments;
3. the annual operating and capital expenditures budgets;
4. the annual amount of the Executive Director’s limitation with regard to entering into renewal or new contracts, leases, and other agreements;
5. the expenditures made by the Association, including those made by its divisions, sections, committees, affiliates, subsidiaries, and related entities, as are consistent with the operating and capital expenditures budgets;
6. the expenditures or requests for funding which are not included in the operating and/or capital expenditures budgets; and
7. the funding of the Association’s programs and the programs of its divisions, sections, committees, affiliates, subsidiaries, and related entities based upon ongoing projections of the Association’s financial position.

Leadership