The role of the Fiscal Advisory Committee is to provide financial oversight for the Albany County Coalition on Homelessness. Task areas include financial reporting, the development and monitoring of internal controls, and accountability policies. Specifically, the Committee will convene to accomplish the following:

a. Develop useful financial reports and determine the level of detail, frequency, deadlines and recipients of these reports.
b. Explain to the ACCH the implications of these reports.
c. Present the financial reports to the full board on a quarterly basis.
d. Create, approve, and update (as necessary) policies that help ensure the financials of the ACCH are efficiently utilized and remain protected.
e. Ensure policies and procedures for financial transactions are documented in a manual, and that the manual is reviewed on annual basis and updated as necessary (e.g., Where is the money held? Who can serve as signatory?  How are donations handled – for example, Community Foundations? How is record-keeping handled?)
f. Ensure approved financial policies and procedures are being followed.
g. Ensure consistent, monthly monitoring of all financials.
h. Present monitoring reports to the full ACCH Board of Directors.
i. Ensure follow up on any issues mentioned within monitoring reports.

The Committee prepares, plans, and makes recommendations for review by the Board of Directors and carries out action plans approved by the Board with respect to the design, operation, and following of a collaborative process for the development of funding applications including funding priorities and the number and type of applicants.