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.

Subcommittee

Investment