The charge of the Finance Committee is to advise the Board of Directors in its oversight responsibilities relating to fiscal management.
To meet this charge, the Committee will:
- Review the budget proposed by the Association Office Staff;
- Review financial reports;
- Recommend fiscal policies as needed;
- Provide advice on the management of financial assets;
- Assist the Board of Directors in strategic thinking through financial questions and developing options;
- Review and evaluates internal controls and makes recommendations as needed.
Committee Membership
- Treasurer of the Association (Chair)
- Past-President of the Association
- Two General Board Members, appointed by the Executive Team
- At least two general members of the Association, preferably members with an element of financial expertise
- At least one Association staff member (ex-officio) – Executive Director or designee
Committee Member Term
- General Board Members serve two-year terms and may serve consecutive terms.
- Committee members serve two-year terms and may serve up to two consecutive terms.
- Visit the Community Calendar for Committee Meeting Dates.
Subcommittees
Purpose:
To develop a fundraising plan for the NODA Excellence Fund to provide financial grants for NODA members to participate in NODA experiences and leadership as well as support strategic philanthropic goals for the Association.
Expectations:
- Facilitate the application and review process for the NODA Excellence Fund requests
- Develop fundraising goals annually and develop a strategy for reaching financial goals
- Explore potential external sponsorship and partnerships to support NODA general operating fund
- Oversee the NODA Circle of Excellence nominee selection and promotion
