Difference between revisions of "FiCom Chair & 3 Members selected to represent each ESIP Type I, II, III"

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Latest revision as of 12:27, September 17, 2020

Finance Committee description from the ESIP Policies & Procedures

Finance Committee Chair

The Chair of the Finance Committee (Ficom) serves on the Program Committee and as Treasurer of the Board. The Chair also convenes Finance Committee meetings to consider annual budgets for ESIP and provides oversight of operational spending.

Specific duties include:

  • Understand financial accounting for nonprofit organizations
  • Manage, with the finance committee, the board's review of and action related to the board's financial responsibilities
  • Work with the chief executive and the chief financial officer to ensure that appropriate financial reports are made available to the board on a timely basis
  • Present the annual budget to the board for approval
  • Review the annual audit and answer board members' questions about the audit

Chair of the Ficom spends approximately 2 hours/month on ESIP business.