Finance Committee

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The Finance Committee is the fiduciary arm of the Board and keeps the board informed of all financial related matters of the Organization. The committee provides oversight, review and expertise to ensure the financial health and well-being of PEBCC as an organization including monthly/annual operations, as well as future planning. The committee coordinates on financial issues with the Executive Director and Finance Director, and ensures that all financial related initiatives are scheduled, followed through and delivered.

Committee Membership

Committee members should have financial, real estate, non-profit management or other related expertise that they can bring to PEBCC to complement the Executive Director and Finance Director.

Specific Functions Include

• Review and approve the annual budget and budget narrative
• Monitor financial performance as compared to plan, and advise management on mid-course corrections as necessary
• Review cash flow and forecast reports
• Review investments and make recommendations to the Board with support of the Executive Director and Finance Director. Develops policies and procedures for managing and developing the Board Designated Operating Reserves and Board Endowment funds
• Oversee the Executive Director and Finance Director in adhering to statutory requirements, including County and Federal filings
• Review existing financial policies and update as necessary
• Provide financial expertise and help resolve financial irregularities
• Participate in long-range planning and advise on the long-term financial stability of the organization
• Review and approve the audit and annual 990
• Work with Finance Director and Executive Director to prepare and present financial reports to the Board of Directors