Finance Committee

Committee Charge

There shall be a Finance Committee composed of the Chairperson-elect, Treasurer, and three (3) people from outside the Board, chosen particularly for their knowledge and experience in financial matters.

• The Committee is appointed by the Board Chairperson for two-year terms. The Board Chairperson-Elect serves as the Finance Committee Chairperson. The Committee Chairperson shall select committee members to fill vacancies that may occur during his/her term as Committee Chairperson, with Board Chairperson approval. The Executive Director and WiLS Accountant shall serve without vote.
• Duties: The Finance Committee shall review and recommend appropriate action to the Board on matters pertaining to funding and finance. They shall review the annual budget and recommend action to the Board, advise on sources of funding, receive and review the annual audit of accounts and recommend appropriate action to the Board, and perform other such duties as directed by the Board.
• Meetings: The Finance Committee shall meet at least two (2) times per year.

Committee Roles

• Review monthly financials (at least quarterly) and ask questions of WiLS executive director and accountant.
• Review draft budget and share questions/concerns with WiLS executive director and accountant.
• Review audit and share questions/concerns with WiLS executive director and accountant.
• Advise WiLS executive director and accountant on potential best practices in budget creation and budget forecasting.
• Advise WiLS executive director and accountant on other issues as requested or as desired.

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Committee Members