Finance Committee

Finance Committee

Mission
The CAI Finance Committee has been established to assist the Board of Directors in meeting their fiduciary responsibilities. The committee is intended to (1) Ensure adequate Board
understanding of the agency financial position and performance; (2) Enhance Board level
decisions regarding funding for programs, human resources, facilities and infrastructure; (3) Assist in ensuring agency accountability related to use of resources.

Committee Description
The Finance Committee is responsible for recommending Board policies and monitoring
performance in the areas of:

• Financial Operations
• Budgeting
• Investments
• Fund Raising
• Risk Management

In addition, the Finance Committee serves as the Audit Committee for the organization.
The Finance Committee of the Community Action Board of Directors is a committee advisory to the Board of Directors. Its area of advisory responsibility is limited to the financial operations of Community Action.
The Finance Committee will meet as often as necessary, but not less than quarterly. The
committee is made up of both Board Members and non-Board Members as appointed by the
Chairperson of the Community Action Board of Directors. The committee Chair must be a member of the Board of Directors and is appointed by the Chair of the Board. Appointments will be made on an annual basis.