Mission Statement
The Claims and Audits Committee shall consist of a minimum of four (4) CWIB members and one (1) Chief Elected Official/Representative. Other members of the regional business leadership with accounting backgrounds will be solicited to participate. The CWIB members shall be appointed by the CWIB Chairperson and shall serve at the discretion of the CWIB Chairperson, and the CEO shall be appointed by the CEOs Chairperson and shall serve at the discretion of the CEOs Chairperson. The CWIB Chairperson shall recommend the Committee Chairperson to the CWIB for approval, and the Claims and Audits Committee Chairperson shall also serve as the CWIB's Treasurer.
The general mission of the Claims and Audits Committee (with the approval of the CWIB and with the agreement or cooperation, as appropriate, of the CEOs) is to perform the following functions:
review and approve claims and financial statements
review and approve the annual financial audit
review and approve the claims submitted by the Executive Director
work with the Chief Financial Officer on the working budget
approve and propose to the full Board an annual budget
monitor the budget monthly
ensure that efficiencies and capacities are meeting the required needs of the Board and the Service Providers