Charge

The Bylaws of the American Physical Therapy Association (Article VII, Section I., A) provide that this committee shall:

(1) Advise the Board on matters pertaining to the Association’s financial needs, growth, and stability based on periodic review of income, expenditure, and investments.

(2) Present an annual budget to the Board for adoption.

In addition to the directives as indicated in the APTA bylaws, the Board of Directors' determined charge for the Finance Committee is to:

• Review the annual budget to ensure that it is sound from a financial perspective and make a recommendation to the Board of Directors.
• Participate in the financial information session for component leaders at APTA’s Combined Sections Meeting.
• Review quarterly financial information and provide feedback to the Treasurer.
• Review the investment policy and make recommendations to modify the policy when necessary.
• Review business activities and make recommendations to the Board of Directors.
• Coordinate and collaborate with other APTA appointed groups and stakeholders, when doing so can further the work of the committee.
• Submit a report to the Board of Directors on an annual basis.

All APTA appointed groups will conduct their work with APTA's Commitment to Increasing Diversity, Equity, and Inclusion in mind and in the context of (1) APTA's Mission, Vision, Strategic Plan and House of Delegates and Board of Directors adopted positions and policies; and (2) the potential for their work to have implications related to physical therapist assistants, women, diversity, and risk management.

Qualifications of Appointees

Candidates should have:

• Experience with nonprofit finance (e.g., component treasurer or other component leadership role).
• Proven financial leadership in professional capacities.
• Ability to see the big picture but also understand the subtleties of nonprofit finance.

Size of Appointed Group

The APTA bylaws, Article VII., Section 1., A., provides that "The Finance Committee shall consist of the Treasurer, who shall serve as chair, and at least five members, all of whom shall be Physical Therapist or Physical Therapist Assistant members."

The Finance Committee will comprise one Board Chair (APTA Treasurer), and five members, and APTA President serving as ex-officio (APTA bylaws: Article VI, Section 4, A., 3., and Article VII., Section I, A). In addition, the President shall designate one member of the Board to serve as a consultant to the committee.

View Committee and Appointed Group Rosters

Term of Appointees

The APTA bylaws, Article VII., Section 1., A., provides that “Members other than the Treasurer shall serve a term of three years. At least one member shall be appointed annually.”

Committee members will serve three-year terms; no individual shall serve more than two consecutive terms. One member will be selected annually.

Proviso: For the initial composition of the group, the current members of the Finance and Audit Committee will serve on both the Finance Committee and the Audit Committee. As terms end over the next three years, the composition will change as new appointees will cycle onto the committee with three-year terms. By 2025, the Finance Committee and Audit Committee will be separate in terms of member composition.

Meetings

This committee meets in person annually and on an as-needed basis throughout the year via conference call.

Additional Information

For additional information regarding this and other APTA volunteer opportunities, email appointedgrouppool@apta.org.