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Welcome to the Finance Committee Community 

Charge

The Finance Committee monitors the Society’s fiscal policies and financial planning and advises the Board in support of maintaining a sound financial position for the Society.

Group Type

Standing Committee

Sponsor

Executive Board

Goals/Responsibilities

  1. Analyze proposed budgets in line with the Society’s strategic objectives.
  2. Support the Society Treasurer in evaluating economic changes that may affect the financial condition or operations of the Society.
  3. Oversee the assets of the ISA Foundation.

Composition

8-12 professional members representing a diversity consistent with Society’s policies and values. Society Treasurer serves as Chair. Geographic and Technical Assembly may appoint one ex-officio member.

Selection/ Appointment

Appointed by the Executive Board upon recommendation from the outgoing committee.

Term

Terms coincide with Society operating year. Member terms are one-year, renewable up to three consecutive years.

Expected Commitment

2-4 hours per month

The committee will host virtual discussions, documents, notes and resources on their ISA Connect community.

Roles and Authorities

Makes Recommendations to the Executive Board

  1. Society’s annual and capital budget and any proposed modifications
  2. Fiscal policies
  3. Audit schedule
  4. Charitable contributions matching funds

Provides Input

  1. Investment policy and availability of funds to invest
  2. Cost/benefit analysis of new programs

Monitors

  1. Auditing procedures
  2. Financial statements
  3. Reserves and cash balances

LEADERS


ISA Treasurer
Staff
Staff