ABOUT THE FINANCE COMMITTEE

The Finance Committee provides financial oversight for the organization, including budgeting and financial planning, financial reporting, and monitoring of internal controls and accountability policies.

Contacts: 

Chair: Carolyn Ball, RID Treasurer
Board of Director Liaison: Sandra Maloney
RID Headquarters Liaisons: Jennifer Apple

Current committee members:

  • Wing Butler
  • Richard Laurion
  • Billieanne McClellan

 

Scope of Work:

For​ ​the​ ​term​ ​2017-2019,​ ​the​ ​Finance​ ​Committee​ ​members​ ​are​ ​charged​ ​to​ ​complete​ ​the following​ ​tasks:

  1. Work closely with RID’s Executive Director and RID’s Board of Directors to ensure the organization’s financial stability.
  2. Develop an annual operating budget, working closely with RID’s Executive Director and senior staff.
  3. Monitor adherence to the budget.
  4. Monitor quarterly financial statements and recommend adjustments to the Board as necessary to maintain a balanced budget.
  5. Set long-range financial goals along with funding strategies to achieve them.
  6. Develop multi-year operating budgets that integrate strategic plan objectives and initiatives.
  7. Present all financial goals and proposals to the Board of Directors for approval.

 

Reporting:

  1. Develop useful and readable report formats with staff.
  2. Work with headquarter staff to develop a list of desired reports noting the level of detail, frequency, deadlines, and recipients of these reports.
  3. Work with headquarter staff to understand the implications of the reports.
  4. Work with the Board Treasurer to present the financial reports to the Board of Directors.