This committee is responsible for the monitoring and reporting of Chamber finances. The committee is also responsible for the development of multi-year financial plans to support the strategic plan of the Chamber to be approved by the Board of Directors.

The Finance Committee is comprised of Board Members. It is composed of the Chairman of the Board, Treasurer, Chairman-Elect, and a minimum of one (1) additional member who is a CPA. The Audit Committee should take an active role in the prevention and deterrence of fraud and an effective ethics and compliance program. It is responsible for reviewing draft audited financial statements and management letter comments as well as the implementation of such comments as deemed necessary. The Finance/Audit Committee shall meet as deemed necessary, but no less than two (2) times per year.

  • Work with the Chamber CEO on the formulation of the annual budget.
  • Presents the budget to the board for approval.
  • Audit the Chamber as needed – usually every other year.
  • Oversee the chamber’s finances to provide checks and balances.
  • Review annually the chamber’s external financial accounts.

The board treasurer will work with the Chamber CEO on the annual budget. They will propose a final budget to the Board Executive Committee (EC) for approval/changes. If the EC approves the budget, then it shall be proposed to the entire board for approval or changes.