Finance Committee

Daniel Oluwarotimi
Secretary/Treasurer
Newberry College
Newberry, SC
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Secretaries- Treasurers Seasonal Memos​

What is the Role of the Finance Committee?

The finance committee's responsibility is to review and make recommendations to the Board on operating and capital budgets, review investment guidelines for Reserve Fund, and propose new products and services for the association (see NSNA Bylaws for more details).

Daniel Oluwarotimi, Secretary-Treasurer and Chair,
​Finance Committee, Summer Memo

​Greetings to you all and congratulations on being elected or appointed to your positions of leadership! I am honored and excited to be serving as your NSNA Secretary-Treasurer, and I look forward to working with all of you. I am the chairperson of the NSNA Finance Committee, working with committee members Taylor Conaway, President, and Rachael Schmoll, Vice-President. It was exciting to travel to NYC in June of 2022 for NSNA’s first LIVE Finance Committee & Board meeting since 2019! The Finance Committee is already hard at work at these meetings. We discussed the financial uncertainty for the rest of the year, and ways for NSNA to increase “old” revenues and create new ones to counteract the losses experienced during the COVID-19 pandemic and low membership registration rates. However, summer is a great time for strategic thinking on how to overcome these financial difficulties. Additionally, we can together think up ways on how to get your local or state chapter viable again, and to pull its finances and records together before the busy time of the school year begins.

The following are my goals for the coming year:

Goals of the Finance Committee for the 2022-2023 year:
 
Goal # 1: Become and remain knowledgeable about the finances of NSNA and communicate them to the Finance Committee, the Board of Directors, and the membership.

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2022-2023 Secretary/Treasurer, Daniel Oluwarotimi, speaks on the "Role of the Secretary and Treasurer, The Devil is in the Details"

NSNA 2022-2023 Secretary/Treasurer, Daniel Oluwarotimi, speaks on the role of the secretary and treasurer during the 2022 NSNA Leadership U Summer Summit.

2021 Secretary's Workshop for State and School Chapters

This session provides an overview of record-keeping, drafting agendas, recording minutes, and communications. You will also learn about NSNA's requirements for submission of minutes.

2020 NSNA Leadership U Virtual Treasurers Certificate Program
NSNA is delighted to present the NSNA’s Leadership University® Treasurers Certificate Program virtually allowing for hundreds of SNA treasurers, aspiring student Leaders, and nursing faculty to attend. Become familiar with the intricacies of financial reporting, the budgetary process, revenue and expenses, statement reporting, bank reconciliation, cash control procedures, IRS filing requirements, and NSNA policies. Attendees earn a Leadership University Certificate for competency in the role of Treasurer after completing an open-book exam based on the materials covered. All state treasurers, aspiring treasurers, state board members, school chapter leaders, faculty advisors and consultants may participate.

Speaker: Stacie Kinsey, NSNA Secretary/Treasurer, Chair, Finance Committee
Resource Person: Dev Persaud, MA, Director of Finance and Administration

Additional Finance Committee Resources
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Financial Accountability for State Associations and School Chapters

​Presented by Rebeka Rivera, NSNA's 2014-2015 Secretary/Treasurer, this 51 minute webinar discusses some of the skills needed to ensure compliance with finance rules and regulations.  Participants learned about IRS requirements, budgeting and financial reporting, internal control procedures, and a discussion on free or affordable software to assist you in managing and reporting on finances and accounting.