Finance Committee

Goal

The Finance Committee will facilitate communication between the Board of Directors and IECA staff concerning all financial issues. In so doing, the committee will help IECA accomplish its mission and vision from a financial perspective.


Purpose

The Finance Committee will review and evaluate financial reports, annual budgets, and major financial decisions.


Responsibilities

  • Review and recommend the annual budget. Review monthly financial reports.
  • Review and evaluate programs set up for the purpose of financing budgeted activities.
  • Report to the Board of Directors at its regular meetings.
  • Review non-budgeted financial issues or decisions. Review committee guidelines annually.   
  • Perform other related functions as appropriate and agreed to by the committee Chair, the IECA Board of Directors and the Executive Director.

  • Membership & Term of Service

    The Finance Committee shall be made up of IECA member volunteers including the Finance Committee Chair and Board of Directors Treasurer. Committee members' shall serve a 2 year term, and terms will be staggered based upon a schedule established by the Chair. The Chair shall serve a four year term. An existing Chair can be re-appointed.

    Chair Replacement

    In the event that the Chair steps down during his or her term, the President of the Board will appoint a replacement to complete the term.

    Chair Duties

    1.Preside at all meetings of the Finance Committee, including teleconferences.
    2.Prepare the agenda for all meetings after receiving input from the committee members, IECA Headquarters and/or Board of Directors.
    3.Serve as the official spokesperson of the Finance Committee.
    4.Submit reports to the Board of Directors' five weeks before each Board meeting.
    5.Undertake tasks to support the purpose and responsibilities of the Finance Committee, or assign committee members to undertake tasks as appropriate.

    Meetings

    The Finance Committee will hold a minimum of two meetings each year. One meeting will be in person and will take place at the annual IECA conference. The other can be conducted by teleconference call, per the chair's discretion. The committee may meet at other times as designated by the chair. Additional communications may occur via email or phone at the discretion of the chair. All committee members must be notified of meetings a minimum of 7 days prior to a meeting.

    Reports

    The committee Chair will submit a written report to the Treasurer of the IECA Board of Directors a minimum of five weeks prior to the Board meeting twice per year for review by the Board.

    Staff Liaison and Contact Information

    The Executive Director will serve as the staff liaison to the Finance Committee. The Executive Director will provide monthly financial reports, year end financial reports, draft annual budgets, and other financial reports requested by the Board through the Finance Committee. Please email the Executive Director if you are interested in serving.

    IECA is the foremost organization for those involved in or concerned about soil erosion control. Membership (in IECA) tells others you take erosion control seriously and you want to help make a difference.

    Scott Velting, CPESC, Grand Rapids, Michigan, USA