The CoDA Finance Committee provides financial oversight, analysis,
tracking, and advice to the Board of Trustees and Fellowship of CoDA
with respect to cash flow, prudent budgeting, financial stability,
and monetary resources of the CoDA Fellowship.
proposed budgets of standing committees and the CoDA Board prior to
submission for CSC vote, advising changes or outlining options, a s
to the NSC related to financial implications of proposals under
cash-flow and appraise the CoDA Board or committee chairs of
financial concerns or circumstances which may require budgetary
adjustments between CoDA Service Conferences.
This year, we
designed a new expense report, a new expense report submission flow, a
new budget planning form and a new meeting planning document. There was
some confusion about the new budget form because the old, combined form
--the one which included both goals and budget planning-- were also
distributed to committees. We will ask the Board to remove the budget
plan from the bottom of the goals paperwork. We will add sub-totals and
totals to the committee budget form! I didn't notice until 2 am last
night that I forgot a line for the total.
We encourage the Board and committees to give us advance notice of any
motions or plans that have substantive financial implications.
We had one face to face in Phoenix, where 3 of our members met with
Lauren, the bookkeeper.
The Finance Committee believes that the Service Conference is a cost of
doing business for CoDA. It's a necessary business event. The
Convention is a recovery event which is supposed to be fully
self-supporting by the prices paid by attendees. Combining the two
creates an opportunity to address the financial implications for the
Fellowship. It is too early for us to know how this year's combined
event has done financially. As soon as we have those numbers, we will
report the information.