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Finance Committee

Chair Lynn M. Schnapp, MD, ATSF Madison, WI
Committee Member James M. Beck, MD, ATSF Aurora, CO
Committee Member Juan C. Celedon, MD, DrPH, ATSF Pittsburgh, PA
Committee Member Linda L. Chlan, PhD, RN, ATSF Rochester, MN
Committee Member John W. Christman, MD, ATSF Columbus, OH
Committee Member Gregory P. Downey, MD, ATSF, FRCP(C) Denver, CO
Committee Member Andrew J. Halayko, PhD, ATSF Winnipeg, MB, Canada
Committee Member Robert C. Hyzy, MD, ATSF Ann Arbor, MI
Committee Member Melanie Koenigshoff, MD, PhD, ATSF Pittsburgh, PA
Committee Member Augusto A. Litonjua, MD, ATSF Rochester, NY
Committee Member Patrick Nana-Sinkam, MD Richmond, VA
Committee Member M. Patricia Rivera, MD, ATSF Chapel Hill, NC
Committee Member - PAR Representative Kari L. Rosbeck Silver Spring, MD
Committee Member Gwen S. Skloot, MD, ATSF New York, NY
Committee Member Dona J. Upson, MD, MA, ATSF Albuquerque, NM
Staff Karen J. Collishaw New York, NY
Staff Neil Kerley New York, NY

The Finance Committee has responsibility for providing oversight for the overall fiscal policies and financial operations of the Society and financial reporting processes that maintain the integrity of the Society’s financial statements. It fulfills its charge by reviewing requested financial reports to ensure sound fiscal practices and the financial integrity of the Society. It reviews the Society’s investment portfolio performance, investment policy and cash management program, and reviews staff recommendations to the Board regarding the selection of investment advisors or audit firms. The Committee annually reviews and recommends to the Board an annual budget for the Society and reviews the audit report and presents its findings to the Board of Directors. It reviews all material written communication from the auditors, proposes to the Board solutions for any matters that may be noted as a result of the audit, and periodically reviews the employee benefits plans of the Society.

Benchmarks, 2020-2021:
• Work with ATS Chief Financial Officer and finance staff to enhance reporting about ATS finances to the ATS Executive Committee and Board of Directors;

• Review auditor suggestion from the Chief Financial Officer and make recommendation to the Board of Directors;

• Create a compensation subcommittee to perform triennial evaluation of volunteer and leader compensation issues;

• Interact with and review performance of new investment advisors;

• Evaluate and recommend improvements in process for the development of the ATS annual budget.