San Fernando Valley Cocaine Anonymous

Finance Committee

Responsible for all matters relating to records, finances and expenditures. The committee makes recommendations on all matters pertaining to the administration and operation of finances and expenditures. The Finance Committee shall implement and oversee controls necessary to safeguard the assets of the Fellowship, including employment of a CPA (Certified Public Accountant) to make periodic audits.

• The Finance Committee shall review annual budgets submitted by Standing Committees and annual event committees.
• The Finance Committee shall also review budget proposals for newly proposed Area services or fundraising activities to ensure that each budget is complete and correct before it is submitted to the Area Service Board of Directors.
• The Finance Committee does not approve or disapprove budgets. The discretion to approve or disapprove budgets resides with the group conscience of the SR/CA Area Service Board of Directors. Finance Committee recommendations to the Area Service Board shall be presented in writing at the Area Service Board meeting.
• The Finance Committee shall keep the Area's Prudent Reserve and Operating Expense funds, and any newly pending expenses in mind (as defined in Section 1 Area Treasurer Description and Duties) when making recommendations to the Area Service Board.
• The Finance Committee shall submit a report at each Area Service Board meeting of any newly proposed budgets that have been submitted to the Finance Committee. All budgets shall be considered.