The Finance Committee provides financial analysis, advice, and oversight of the organizations budget. The Finance Committee sole responsibility is to ensure the organization is operating with the financial resources it needs to provide programs and services to the community
Budgeting and Financial Planning
Provide direction to the Board for fiscal responsibility. Alongside this is the responsibility for future long- term planning and the development of strategies to back up the plan.
Review revenues and expenses at a monthly Committee meeting
Approve the annual budget and submit it to the Board for approval
Monitor adherence to the budget.
Set long-range financial goals along with funding strategies to achieve them.
Review multi-year operating budgets that integrate strategic plan objectives and initiatives.
Present all financial goals and proposals to the board of directors for approval.
Review annual audit, tax form (990), and audited Financial Statements
Finance committees fully engage in an annualized budgeting process in cooperation with the staff administrative leader and senior staff.
In addition to developing an annual budget, the committee will also set long-term financial goals. These goals might include, for example, the creation of a working capital or cash reserve fund and the creation of a fund for maintaining or replacing equipment. The finance committee will work with the staff to determine the financial implications of the strategic plan and will plot them into a multi-year organizational budget that will financially support the implementation of the strategies.
For more information please visit the organization directly at: https://pancreasfoundation.org/