Finance Committee

Mission:

Oversees financial operations of the Association, makes funding recommendations to the Board of Directors, and recommends policies and procedures regarding income and expenditures of Association funds.

Function:

Reporting directly to the Board of Directors, this committee is charged with stewardship over NACADA funds. It works closely with the Executive Director and serves as one of the checks and balances with the Board and Council in a shared governance model. It reviews the annual budget for policy compliance, and suggests modifications and/or makes recommendations to the Board as needed.

Membership: Due to the nature of this Committee’s work, membership primarily consists of 10 diverse and experienced NACADA volunteers: (1) A past region and commission chair, (2) current and immediate past finance committee chair, (3) current president and vice-president, (4) three at-large positions, and (5) the association’s Executive Director. Additionally, we seek membership representing NACADA’s diverse composition of people and institutions; specifically this includes those from two and four-year, private and public, domestic and international institutions. This work is facilitated by NACADA’s Comptroller in collaboration with the current Finance Committee Chair, Sr. Associate Director, and Executive Director. Terms are generally two years.

The Chair of the Committee facilitates the work of the group by:

• Appointing new members to the committee annually
• Coordinating the various activities of the committee and communicating with members via the committee listserv
• Leading committee meetings during the Annual Conference
• Attending Division Leadership meeting at the Annual Conference
• Submitting a post-conference Leadership report in the fall in which goals are established for the committee and activities planned for the coming year, indicating their relation to the specific missions in the NACADA Strategic Plan
• Submitting an annual Leadership report in the summer to advise the Council and Board of the status of the completion of goals established and activities planned for the committee over the past year in relation to the NACADA missions and strategies.