Finance Committee - 1998 Annual Report


Mandate:

The NCF Finance Committee's mandate is as follows:

1.   To provide the NCF Board with an annual financial plan
in the form of a budget that is consistent with the NCF's 
strategy, as approved by the Board.

2.   To review the financial status of the NCF on a monthly
basis and provide financial statements to the Board.

3.   To advise the NCF's Board and staff on the feasibility
and financial risks associated with new proposals, initiatives 
and staffing issues.

4.   To prepare, negotiate and manage financial aspects of
contracts, including staff remuneration.

5.   To safeguard the NCF's assets through the acquisition
and renewal of the necessary insurance policies.

6.   To safeguard the NCF's finances through the institution
and management of procedures for the handling of NCF
finances by NCF staff and volunteers.


Members:

The NCF Finance Committee is composed of the following
individuals:

Jeff Bossert, Treasurer, Director and Chair of Committee
Chris Cope, Executive Director
Rudy Wytenburg, Accountant
Jean Wilmot, Past Treasurer, Director


Processes:

The NCF Finance Committee meets as necessary to review 
major financial issues and regularly communicates using 
the NCF's e-mail and the telephone.


1998 Activities:

The NCF Finance Committee's primary activities during
1998 were as follows:

1.   Support of the conduct of the annual audit of the NCF's
financial statements.

2.   Guidance in the hiring and management of the staff.

3.   Renewal of the NCF's Directors and Officers Liability 
Insurance.

4.   Preparation and presentation of the NCF's financial
statements on a monthly basis to the NCF Board.

5.   Preparation and presentation of financial forecasts as
requested by the NCF Board.

6.   Preparation and presentation of the 1999 Draft and
Final Budgets to the NCF Board.