Finance Committee Members
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Recruiting Organization: FACE FRIENDS FOUNDATION INCORPORATED
The Finance Committee provides financial analysis, advice, and oversight of the organizations budget. Their sole responsibility is to ensure the organization is operating with the financial resources it needs to provide programs and services to the community.
Scope of work for the Finance Committee
Ensure that accurate and complete financial records are maintained
Monitor income and expenditures against projections
Review and recommend financial policies to the board, including ensuring adequate internal controls and maintaining financial records in accordance with standard accounting practices
Ensure that accurate, timely, and meaningful financial statements are prepared and presented to the board
Present monthly financial statements to the board Oversee budget preparation and financial planning
Propose for board approval a budget that reflects the organization’s goals and board policies
Ensure that the budget accurately reflects the needs, expenses, and revenue of the organization
Safeguard the organization’s assets
Sample Finance Committee Job Description
Review proposed new funding for ongoing financial implications, recommending approval or disapproval to the board
Ensure that the organization has the proper risk-management provisions in place
Help the full board understand the organization’s financial affairs
Ensure that the board as a whole is well informed about the organization’s finances
Educate the board about financial matters
Ensure compliance with federal, state, and other requirements related to the organization’s finances
Ensure that organization maintains adequate insurance coverage
Ensure that the IRS Form 990, other forms, and employment and other taxes required by government are filed completely, correctly, and on time
Language/Cultral Support AvailableFalse
Fee Amount: None
This opportunity is recurring
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February 16, 2023