The Finance committee consists of the First Vice President as Chair, the Tresurer, and the At-Large Board Members of each Constituency group, (Comprehensive and Doctoral, Community College, and Small Institution), the Chair of the Audit Committee shall serve as an ex-officio member. The President and First Vice President can designate additional Committee members if it is felt that their expertise would benefit the work of the Committee.
The purpose of the Finance Committee is to review all matters dealing with the finances of WACUBO, including but not limited to, its annual Budget, its Reserve and Investment Policy, financial reports, risk management, and insurance.
The Committee is responsible for the review and recommendation of the annual budget, as prepared in conjunction with the WACUBO Treasurer, to the Board of Directors for approval at the May Board Meeting. The Committee then has the charge to monitor budget to actual reports in order to keep the Board informed of budgetary issues for the organization and make recommendations as necessary.