Other Committees, Task Forces, and Advisory Groups
APDT 2017 Finance Committee Charter
Operational Alignment: To review and analyze financial data, investment performance and the annual budgeting process.
Mission: To ensure that the association's financial viability, investment performance in relation to the investment policy and budget metrics are meeting performance expectations.
- To review quarterly financial statements.
- To review quarterly investment statements and related benchmarks.
- To work with the CFO and Executive Director on preparing the annual budget for approval by the board of directors.
Deliverables: Reporting on quarterly financial statements, investment performance and budget metrics to the board of directors. Chair is responsible to provide a written report each month to be included in the Board consent agenda.
Prerequisite Experience: Experience with financial statements, investment report analysis and developing budgets.
Resources: The committee will work with the following staff: APDT Executive Director and CFO. Communications will be via email, with one (1) conference call per quarter.
Authority/Limitations: Members of the committee are not official representatives of the APDT and cannot represent the APDT on a local, national or international level without the prior written permission from the Board.
Number of Members: 3-5 Members + Executive Director + CFO
Chair: Nick Hof, Secretary/Treasurer
Method of Task Force Member Selection: The Board of Directors shall appoint the Chair to the committee and will work with the Chair to appoint the at-large members to the committee. Members of the committee are required to sign the APDT confidentiality and conflict of interest forms.
Accountability: The Chair and committee members are responsible to the Executive Director and the board of directors.
Frequency of Meetings: Conference calls will be held on a quarterly basis and may become more frequent leading up the preparation of the annual budget or at other times throughout the year when the chair deems necessary. Other work will be communicated electronically via email or through the online community.
Proposed Date: ASAP
Effective Date: January 1, 2017
Duration: 12 months
Community Group: 2017 Finance Committee