Overseeing IDA’s financial resources
The Finance Committee develops and proposes the Annual Budget to the Board, monitors monthly financial reports from the IDA’s CPA, and meets quarterly with the IDA’s investment advisor to monitor Reserve Fund and Relief Fund investments, and meets annually to review the outside auditor’s audit report.
Activities of the committee include but are not limited to:
- Reviewing monthly financials sheets
- Meeting quarterly with the IDA Investment Representative
- Preparing a proposed budget to the IDA Board of Trustees for submission to the IDA House of Delegates