FINANCE AND AUDIT COMMITTEE

  • This committee shall consist of at least (4) members, 1 of whom shall be the Treasurer, and each member other than the Treasurer shall serve a term of 3 years and may serve up to two terms. At least 1 member shall be appointed annually. This committee shall advise the Board of Directors on matters pertaining to the Association’s financial needs, growth, and stability based on periodic review of income, expenditure, and investments. The committee shall present an annual budget to the Board of Directors. The committee shall be the point of contact and meet at least annually with the Association’s independent auditors to discuss the annual audit. The committee shall advise the Board of Directors of any irregularities or material findings that arise from the independent audit or other sources.  

    In addition to the directives as indicated in the PPTA bylaws, additional duties of this committee include:
  • Review the annual budget to ensure that it is sound from a financial perspective and make a recommendation to the Board of Directors.
  • Serve as the association’s audit committee and meet with the auditors  to determine the scope of work and review the audit results
  • Review quarterly financial information and provide feedback to the treasurer and Board 
  • Review the investment policy and make recommendations to modify the policy when necessary Submit a report to the Board of Directors on an annual basis

PPTA FINANCE AND AUDIT COMMITTEE

Jeffrey Welk
Jeff Welk
Treasurer
Finance and Audit Committee Chair
Term Expires: 12/31/17
(412) 648-6387
welkj@upmc.edu

John Tawfik – Term Ends 12/31/17

Elizabeth Larimer – Term Ends 12/31/18

Dan Jensen - Term Ends 12/31/19