Finance Committee

Fiduciary Duty: Great Power, Great Responsibility

Madeleine Misus
Secretary/Treasurer
Drexel University
Philadelphia, PA
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Treasurers Seasonal Memos​
Secretaries 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).

Winter Memo from Madeleine Misus, Chair
​Finance Committee

Greetings to you, state and school officers! I hope this memo finds you all well and relaxed after the holidays. I enjoyed the opportunity to meet and talk with many of you at the MidYear Career Planning Conference. The Secretary's Workshop, especially, was very successful. The flow of information and ideas between chapters was wonderful, and I hope you all went home with some helpful information and new ideas for your own chapters.
 
Please continue to utilize the resources on the NSNA website, particularly the Secretaries’ Handbook and our frequently asked questions for secretaries.
 
A few things to bring to your attention…

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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.