Finance Committee

Committee Chair

Chris Burns — Delich, Roth & Goodwillie, P.A.
913 Sheidley Ave., Suite 110 • Bonner Springs, KS 66012
Phone: (913) 441-1100 • Fax: (913) 441-1468

Committee Objective and Goals

The main objectives of this committee are to a) provide a stable and sound economic base for the KWEA, b) ensure compliance with federal and state requirements for a 503(c) not-for-profit organization, c) provide fiscal consistency related to revenue and expenditures, d) maximize returns on investments, and e) establish/maintain/modify financial policies, processes and procedures, as is appropriate.

Committee Structure

The committee will operate with the following members:

Committee will consist of up to five (5) members
One member to be the KWEA Treasurer (3 years)
One member to be a WEF Director (3 years)
One member to be the new Vice President (1 year)
Two (2) at-large volunteer positions (3 years each expiring on a rotating basis).

Specific Committee Tasks & Duties

The Committee will perform, but not be limited to, the following tasks and activities:

Establish Annual Budget with input from various committees and Board members.
Determine and maintain the appropriate reserve funds.
Assist in the development of appropriate fees, rates, and charges for memberships, annual conference registration, fall and other workshops registration, booth charges, advertising, etc.
Periodically (June and December) review expenditures (large expenses, paid staff) and benchmark/compare with similarly sized MAs.
Develop and maintain a long-range financial plan of anticipated revenue sources and future expenditures, as well as identify potential impacts on each.
Establish policies and procedures with respect to budget requests, reimbursing MA-related expenses, setting fees and rates, schedule and types of required reports, tax return requirements, procurement of services, commodities and capital expenditures, payment approval processes, etc.
Review current revenue streams, identify potential new ones, and provide recommendations.
Perform a bi-annual review on investments, investment strategies, and make recommendations on establishment of, and modifications to, an investment policy.
Review the Scholarship Fund annually and provide information to the Scholarship Committee related to scholarship amounts.
Identify new programs, services or ideas which KWEA can financially support or assist with, such as student chapters, young professionals, Water For People, KWEA Booth at other conferences, guest speaker fees, travel to WEFTEC by Executive Board members, and other services/products.
Ensure that the Audit Committee performs the annual audit on a timely basis.

Committee Members
Chris Burns Committee Chair Delich Roth & Goodwillie, P.A. Phone: (913) 441-1100	Matt Bond At-large Member Black & Veatch Phone: (913) 458-3551	Sylvan Coles KWEA Secretary/Treasurer Water Pollution Control Phone: (785) 368-3851 x520
Joe Foster KWEA Vice President City of Olathe Phone: (913) 971-9099	Pat Toby KWEA Director CTE Phone: (816) 474-3777