Chair: Kellen Gill, CPA
It shall be the duty of the Finance Committee to ensure the long- term sustainability of the Corporation’s funding support to CUSD through transparency, integrity and stewardship of the Corporation’s funds. The Finance Committee shall have only the duties delegated to it by these Bylaws or otherwise delegated to it by the Board of Directors. The Finance Committee shall not act as a replacement for the Board. This committee’s responsibilities include the following:
1. Current Financial Standings. The Finance Committee will review current financial standings of the Corporation, make recommendations to the Board regarding the form and content of periodic financial statements, advise the Board regarding the allocation of Corporation funds, and review the Corporation’s annual financial audit with members of the Corporation’s audit team (which is made up of persons approved by the Executive Committee).
2. Endowment. The Finance Committee will function as the body to oversee the management of the Corporation’s Endowment funds, both restricted and unrestricted funds.
3. Return and Investment Policy. The Finance Committee will meet a minimum of three (3) times per fiscal year; and during the fourth quarter meeting, this committee will review and verify the amounts proposed to be returned to the CUSD schools. At such time, the Finance Chair will also make a recommendation for any changes to the Corporation’s Investment Policy to the Board of Directors for approval, if applicable.
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