Finance Committee

OBJECTIVES:
The Finance Committee is a standing committee of the FRID Executive Board of Directors and is chaired by the Board Treasurer. The committee is responsible for reviewing and providing guidance for FRID’s financial matters. The committee assures internal controls, independent audit, and financial analysis for the organization. The Finance Committee reviews all financial statements and reports on financial activity to the full board. To help the board fulfill its oversight function, it is important for the Board Treasurer and the Finance Committee to present the information in as clear and concise a manner as possible.

DUTIES and RESPONSIBILITIES:

  1. Provide direction for the entire Board for fiscal responsibility. 

  2. Regularly review the organization's revenues and expenditures, balance sheet, investments and other matters related to its continued solvency. 

  3. Ensure that organizational funds are spent appropriately. 

  4. Ensure that preparation of annual tax forms and audited Financial Statements are appropriate. 

  5. Approve the annual budget and submit it to the full Board for approval. 

  6. Oversee the maintenance of organizational-wide assets, including 
prudent management of organizational investments. 



QUALIFICATIONS and REQUIREMENTS: A Finance Committee Volunteer should have

  • Be a member of good standing of FRID
  • Ability to understand financial statements
  • Experience in creating budgets
  • Knowledge of financial policy and procedures for non-profits.
  • Ability to work cooperatively with other committee members.
  • Excellent communication skills
  • Time to dedicate to this volunteer opportunity (approximately 1-2 hours per month)
  • Commitment to take on an occasional finance related special project.
  • Commitment to attend regular meetings.
  • Must be comfortable in a team environment.

LINES OF COMMUNICATION:
Reports directly to the Board Treasurer, and work closely with fellow volunteers to complete tasks and exchange ideas.

BENEFITS:
Contribution to the FRID organization, and interpreting profession; association with professional colleagues; recognition of contributions and expertise among professional community.

CHALLENGES:
Completing work assignment in a timely fashion is critical to keeping the committee's finances on track, and the work of FRID moving forward. Because finance committee members will most likely live throughout the state, meeting will take place via virtual conference calls. Meeting attendance is extremely important; however, it will be understood that due to conflicts meeting absences will occur.

Number of members: Chair plus 2

Term: 

Chair: Terri Bugler

Click here to submit an application (member login required)

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