The Finance Committee controls and protects monies belonging to the Chapter in order to ensure fiscal transparency and financial sustainability. The Finance Committee provides an understanding of the budget in order to control and protect the monies belonging to Chapter. The Board Treasurer serves as Finance Committee Chair and follows and implements the fiscal policies established by the Chapter. The Treasurer records financial transactions, presents financial reports at each Board meeting, and facilitates regular audits to ensure fiscal responsibility. In addition, the committee develops the financial controls policy for the chapter.
Other Committees send budget requests to the Board and Finance Committee for review and approval. The Committee uses a systematic process of assessment, review, and approval. Assessment is conducted by the Chair and involves monitoring monthly budget activity, depositing revenue checks, documenting cash flow, and reimbursing authorized expenses. Review is periodically conducted by a Committee member other than the Chair and/or Board member. Reviewers are capable of conducting basic analysis of Chapter Balance Sheets, Income Statements, and Cash Flow Statements. Approval of financial decisions and documents is done by the Board of Directors.
The USGBC Oklahoma Finance Committee is centrally operated, meaning it does not have separate branches servicing Oklahoma City and Tulsa areas. People serving on the Committee can live and work in any part of the state. The Vice-Chair acts as a primary resource for the Chair in reviewing documents and tracking revenue and expenses. Additional Committee Members may be used less often in more specified roles, such as helping prepare a 3-year financial plan or conducting an internal audit.