The functions of the Finance and Budget Committee are:
- Recommend finance and budget policies for all APA-related entities.
- Assist the Board in development of fiscal policies.
- Help to conduct financial operations in a manner that helps the Board to fulfill its fiduciary responsibilities, to maintain business operations in accordance with generally accepted practices, and to implement the strategic priorities of the Association.
- Assist the Board in development of a financial plan and help ensure that ongoing operations are consistent with that financial plan, as well as the overall business plan, of the Association.
- Review actual financial results and report to the Board as to the fiscal status of the Association.
- Recommend annual operating, capital and development budgets to the Board and major adjustments thereof as may be indicated throughout the year.
- Focus on the long term and short-term financial strength, needs, opportunities, and problems of the Association.
- Oversee APA components relating to finance, including the Investment Oversight Committee.
- Make recommendations to the Board concerning the charges, areas of responsibility, and composition of these financial components.
Staff Liaison
Carlton Davids, [email protected]