Role of the Finance Chair
Guiding WABO forward through leadership, service, and collaboration.
The WABO Finance Chair supports the financial health, accountability, and long-term sustainability of the association. This role helps oversee budgeting, financial planning, reporting, and responsible stewardship of WABO resources in alignment with the organization’s mission and priorities.
The role typically includes:
- Budget oversight: Assists with developing, reviewing, and monitoring WABO’s annual budget.
- Financial reporting: Provides or supports regular financial updates to the Executive Board and membership as appropriate.
- Fiscal responsibility: Helps ensure WABO funds are managed responsibly, transparently, and in accordance with board direction and applicable policies.
- Planning and forecasting: Supports financial planning for conferences, training programs, initiatives, reserves, and long-term organizational needs.
- Policy support: Helps review or recommend financial policies, procedures, controls, and best practices.
- Collaboration with leadership: Works with the President, Treasurer, Executive Board, committees, and administrative support to align financial decisions with WABO priorities.
- Risk and compliance awareness: Supports attention to financial compliance, recordkeeping, reviews, and responsible use of association resources.
