The Finance Committee's basic responsibilities are the following:
- Provide direction for the entire Board for fiscal responsibility.
- Regularly review the organization's revenues and expenditures, balance sheet, investments and other matters related to its continued solvency.
- Approve the annual budget and submit it to the full Board for approval.
- Ensure the maintenance of an appropriate capital structure.
- Oversee the maintenance of organizational-wide assets, including prudent management of organizational investments.
- Review revenues and expenses at regular Committee meetings.
- Ensure that organizational funds are spent appropriately (i.e., restricted funds).
- Develop an investment strategy.