Finance Committee
2000-2001

Charge

Authorization and Accountability

The Finance Coordinating Committee is a standing committee mandated by the bylaws of the Association. The Finance Coordinating Committee is accountable to the Board of Directors.

Purpose

The purpose of the Finance Coordinating Committee is to:

• Bring to the attention of the Board all issues regarding Association finances that require the Board’s consideration and action
• Review and approve reports on the income, expenditures and investments of the Association
• Coordinate the activities of the Awards, Investment Advisory, and Development Committees and serve as the conduit through which these Committees report to the Board.

Members, Terms, and Criteria

The Association Treasurer serves as the chairperson. The Committee consists of six members. Five are appointed by the President for a term of three years and the chair serves for a term of two years. The Board of Directors has mandated that an NASW member whose highest degree is a baccalaureate in social work be appointed to the Finance Coordinating Committee.

Committees/Panels

• Investment Advisory Panel
• Development Committee

Specific Responsibilities

• Review and recommend approval of the annual budget.
• Review monthly financial statements.
• Review and approve the policy recommendations of the Investment Advisory Panel.
• Ensure that the charges of the Development Committee and Investment Advisory Panel are carried out.
• Coordinate financial recommendations with the Program Coordinating Committee and the Member and Chapter Coordinating Committee
• Communicate to the Board on all fiscal matters
• Present to the Board of Directors the issues of the Development Committee that require Board action.

Board of Directors
Revised January 1999