What we do
The Finance Committee:
- Develops financial policies
- Reviews consolidated budgets and financial statements
- Proposes auditors
- Reviews, monitors and advises Board on financial health for entire CBA; implements Board-approved steps to ensure same
- Develops policies and advises Board on enterprise risk management
- Manages and oversees the financial audit process
- Oversees the work of its subcommittees and reports to the Board on their work
Members
Seven members
- Three Board members (one chairs)
- Three Branch reps, appointed by Branches
- One CCCA rep, appointed by CCCA
Our expertise
Finance Committee members bring the following expertise to our work:
- In-depth knowledge of CBA structures.
- Financial literacy, namely experience with or understanding of financial statements and accounting standards for large not-for-profit organizations with complex accounting issues.
- Knowledge of financing and funding issues for large not-for-profit organizations.
- Knowledge of or experience in identifying, assessing and managing risk exposures of large not-for-profit organizations.
Time commitment
Members spend approximately 4 hours/month (30 hours in budget month) providing their expertise and participating in meetings.
