FINANCE COMMITTEE PHILOSOPHY
The Finance Committee exists to provide strategic oversight of Pullman School District's (PSD) budget and financial activities and to support sustainability, transparency, equity and communication of these matters to the School Board and to the community at large. Committee discussions will provide an understanding of funding budget priorities, budget processes, and goals to better prepare our district for our future.
The membership of the Committee consists of two board members, both of whom are to be free of any relationship that would interfere with the exercise of independent judgment. Other participants at regular Committee meetings are the Superintendent, Finance Director and others who may present information sought by the Committee.
The Committee meets quarterly or as directed by its chair, the district’s Finance Director. As appropriate, the Committee will make recommendations to the School Board.
FINANCE COMMITTEE ROLES AND RESPONSIBILITIES
The Finance Committee recognizes it is critical to be good stewards of public funds by ensuring transparency, accountability, and efficiency in the District’s finances. The Finance Committee is designed to assist the board in fulfilling its fiscal oversight responsibilities and ensuring the public’s trust. The Board may direct the Committee to review any matters potentially having a significant impact on District finances before the Board takes action. Specific responsibilities may include:
Consistent with this function, the Finance Committee should encourage continuous improvement of and should foster adherence to the District's policies, procedures and practices at all levels.