Finance Blog
FINANCE COMMITTEE MEETING
TUESDAY SEPTEMBER 17th 2010
12 noon to 1pm
Finance Committee Meeting will meet at Cup O' Joe on High Street over I-670 at noon, address is 600 North High Street Columbus, Ohio 4315, phone 614-225-1563. Parking off the street and in a parking lot just north of the Utrecht Art store.
•Working session on gathering links to website assocated with LEED and money.
•Working hard on developing grants.
Bring 10 friends.
If you would like additional information, please call Dan Barringer at 614-989-5314 or email at dan@danbarringer.com.
The Finance Committee controls and protects monies belonging to the Chapter in order to ensure fiscal responsibility is transparent and financial operation is sustainable. The Finance Committee provides an understanding of the budget in order to control and protect the monies belonging to Chapter. The Board's Treasurer is the Finance Committee Chair and he/she follows the fiscal policies established by the Chapter. The Treasurer records financial transactions, presents financial reports at each Board meeting, and allows for audits on a regular basis to ensure fiscal responsibility. In addition, the committee develops the financial controls policy for the chapter.
Other Committees send budget requests to the Board and Finance Committee for review and approval. The Committee uses a systematic process of assessment, review, and approval. Assessment is conducted by the Chair continuously and involves monitoring monthly budget activity, depositing revenue checks, documenting cash flow, and reimbursing authorized expenses. Review is periodically conducted by a Committee member other than the Chair and/or Board member. Reviewers are capable of conducting basic analysis on financial statements such as Balance Sheet, Income Statement, and Cash Flow Statement. Approval of financial decisions and documents is done by the Board of Directors. At least quarterly and annually, the Finance Chair provides an update to the Board to assure accuracy and integrity are present at all times. The Vice-Chair acts as a primary resource for the Chair in reviewing documents and tracking cash flow. Additional Committee Members may be used less often in more specified roles, such as helping prepare a 3-year financial plan or conducting an internal audit.
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