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Old Ottawa South Community Association

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Finance Committee

The Finance Committee consists of members of the OSCA executive and manages all financial aspects of the association, the OSCAR, and the Firehall Fund. The committee also produces the annual financial statement and presents it as the Treasurer's Report at the Annual General Meeting (AGM) in May.

Finance Committee Proposal to the Board - Appointment of Chair/Treasurer

Finance Committee Proposal to the Board – Appointment of Finance Committee Chair/Treasurer
 

Proposal:

That the Board appoint Ben Baril to the position of Finance Committee Chair/Treasurer and as such, to the OSCA Executive Committee.

Background:

On June 9, 2020, Peter Cech resigned from the Board and from the positions of Finance Committee Chair/Treasurer and member of the Executive Committee.

On June 23, 2020, Ben Baril confirmed a willingness to take on the positions of Finance Committee Chair/Treasurer and member of the Executive Committee.

The Nominations and Elections Committee would like to recommend to the Board that Ben Baril take over these positions.

Ben is currently a Member of the OSCA Board of Directors and is enthusiastic about assuming the responsibilities of Finance Chair/Treasurer.  His professional experience is in the area of technology with special interest in financial management and budgeting.

Motion:

That the Board appoint Ben Baril as the OSCA Finance Chair/Treasurer and a member of the Executive Committee.

 

Moved by: Sue Neill
 

July 21, 2020

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OSCA Finance Committee Goals & Objectives 2020-2021

OSCA Finance Committee
2020-2021 Goals and Objectives
As presented to the Board July 2020

August 2020 and into the Fall of 2020.

Grant sources

- Research into grant options, the changing landscape of grant availability in Canada as a result of Covid-19, how this may impact OSCA and what grants may be available as a result of Covid-19’s impact on OSCA operations, will be explored.

- In 2021 and after Covid-19 the focus will be on creating a list of annual grant sources and the creation of the boilerplate text to be used for applications.

Charity/Community Fund

- Since March 2020 OSCA has been utilizing operating reserves to cover operating expenses, create new virtual online programming and carefully review and create a protocol for operations within a post-pandemic environment.

- The Finance Committee will be prioritizing the creation of a community-wide fundraising campaign to support OSCA operations into 2021 in order to ensure we are able to operate and provide much-needed services and programming for the community.

- The committee will seek to engage not only the Board but the Operations Committee and Communications Committee in this campaign.

Board educational pieces- continue with 4 per year

- As we continue to introduce new Board members annually and the fiduciary responsibilities of Board members remains an important educational responsibility of the Finance Committee the committee will begin to curate and introduce two main types of educational pieces:

i.        General fiduciary responsibilities. For the annual onboarding process of new Board members and accessible to all.

ii.       Educational pieces created on an ‘as-needs’ basis. Depending on the needs of the Board at any given time, and/or in response to external circumstances (such as the Fraud assessment conducted in 2018; or the new environment of diversifying fund sources to support operations), the Committee will create additional educational pieces on subjects/areas relevant to the current Board’s needs.

Dashboard Quarterly Reporting

- The Committee will continue to create quarterly dashboard reporting for the Board’s review. This will not be implemented until toward the end of 2020 depending on our operations during and as a result of Covid-19.

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613-247-4946