IOA Finance Committee
About the Finance Committee and Their Mission
The IOA Finance Committee institutes the necessary financial strategies, processes, and controls to meet all IOA goals and objectives.
Participants
Treasurer & Chair:
- Lee Twyman, Rochester Institute of Technology
Committee Members
Priorities
- Continue review of IOA policies and required revisions
- Complete strategic financial review and recommendations, resulting in Strategic Financial Plan and Vision for IOA
- Ongoing review of monthly financial statements, investments, and communication of concerns and highlights to the IOA board
Accomplishments 2019-2020
- Investment and reinvestment in IOA were the themes for the 2019 and 2020; new Executive Director was hired, additional resources were approved for volunteer and staff travel to present at stakeholder organizational conferences to promote the role and value of the Organizational Ombudsman
- Realized a year-end $95,000 surplus
- Collaborated with staff and committees on development of a conservative yet growth-oriented 2020 budget
- Continued to develop diversified and robust IOA revenue streams to contribute to fiscal health
To Join the Committee
If you are interested in joining this or any other committee, please visit our Volunteer Opportunities page to learn more about available positions and complete our Volunteer Interest Form.
Last Updated 5 August 2020
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