CoDA Finance Committee – An Invitation To Join

 
From: "CoDA Announcements" <codalist@codependents.org>
Subject: CoDA Finance Committee – An Invitation To Join
Date: August 22nd 2018

Finance Committee – an invitation to join

The Finance Committee is in need of new members. Are you good with figures, spreadsheets, and do you pay attention to details? Then we have an opportunity for you. We are looking for new members and inviting those of you with experience, strength, and hope, who are willing to serve at the CoDA International level to join the Finance Committee.

Contact Finance@coda.org if interested.

The following is taken from the Fellowship Service Manual Section 5, pages 9 & 10:

Finance Committee

The CoDA Finance Committee works with the CoDA Treasurer and Board to provide financial oversight, analysis, and advice to the Fellowship of CoDA with respect to:

•Prudent budgeting and investing

•Financial stability

•Monetary resources of the CoDA Fellowship.

Finance Committee Responsibilities:

Calculate and report our "prudent reserve* to the Fellowship at the annual Service Conference. We may report it at other times of year if needed.

Annually review proposed budgets submitted by committees, boards, & Fellowship Services.

The committee considers whether or not CoDA’s income supports the budget requests and allows for our prudent reserve* while integrating the requests into one overall budget.

Provide input to the CSC related to the financial implications of proposals under discussion and suggest options, as prudence requires.

The Finance Committee makes the motion to approve the overall budget to voting members at CSC.

Apprise the CoDA Board and Fellowship of changing financial circumstances, which might require budgetary adjustments between CoDA Service Conferences.

Review expense reports submitted by committee & board members for adherence to CoDA’s Expense Reimbursement Policy.

Review CoDA's investments for adherence to Conference approved policy.

Review the Expense Reimbursement Policies and Procedures, and propose amendments when needed.

 

Prudent reserve equals $250,000 or equal to half of the total actual operational expenses for the previous two calendar years, whichever is greater.


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