Budget & Finance Committee

Committee Purpose

The NOFA NJ Budget and Finance Committee provides oversight and guidance for organizational financial resources. The committee shall identify sources of funds, recommend a dues schedule to the Board, prepare with the staff an annual budget to be presented to the Board for approval, recommend a certified public accountant and oversee the preparation of an audit of the financial statements for each fiscal year, and consider such other matters as are necessary for the financial well-being of the Association. It shall also be responsible for policies concerning financial forecasting, budget review, insurance, and tax matters and fundraising.

The Committee shall report on the current financial condition of the Association at regular Board meetings and shall make recommendations to the Board and the Executive Committee regarding financial assets and investment policies of the Association.