Finance Committee

Steve M. Dubnik, Chair
James Costanza
Emil Duda
Richard Kaplan
Don Kollmorgen
Mary Louise Mitchell, SSJ

Patty Wilkey

Responsibilities
This Committee is a standing committee and shall consist of no fewer than five (5) members of the Board. The Finance Committee has the basic responsibility for all financial affairs of the College. This responsibility is discharged by formulating general policy regarding fiscal affairs and delegating the task of implementing such policy. The Finance Committee will from time to time establish procedures for reporting fiscal affairs and will make periodic reviews.

The Finance Committee shall have the power to appoint a certified public accountant or accountants who shall audit the accounts of the Treasurer, verify the accountant's statements, examine the securities of the College, and report to the Committee at least once in each year. That report, together with the Treasurer's report, shall be presented by the Committee to the Board of Trustees at the next meeting of the Board.

The Committee shall have the power to accept formally, on behalf of the College, gifts, bequests and devises, pass all appropriate resolutions regarding the same, and authorize the execution by the College officer or officers, on behalf of the College, of any receipts, releases and other instruments that may be necessary or proper in connection therewith, reporting thereon to the Board of Trustees at its next meeting.
All requests involving the expenditures of moneys of the College not included in the budget shall be submitted to the Finance Committee for approval.

The Vice President for Finance shall serve as the administrative advisor to the Finance Committee. The Chair of the Finance Committee shall be an ex-officio member of the Investment Committee, and the Chair of the Investment Committee shall be an ex-officio member of the Finance Committee.