Charge
Develop and recommend to the Board of Regents fiscal policies and practices for the proper conduct of the operations of the College.
Recommend annual operating and capital budgets from subsequent approval by the BOR (the committee does not "prepare" the budgets)
Recommend the engagement of an independent accounting firm, investment managers and investment evaluation consultants.
Subject to general investment policies adopted by the Board of Regents, have general supervision over the Reserve and Pension Funds and other funds of the College, including developing investment guidelines.
Routinely evaluate the actual financial results being achieved by the individual programs of the College.
Select independent external auditor of the College's financial reports and policies, and reviews and approves the annual audit report for subsequent approval by the Board of Regents.
Advise the Board of Regents on the establishment of specific guidelines, fiscal and others, to be developed and used by the Committees and the Board of Regents in the evaluation of proposed or existing programs, product and services.
Develop and recommend to the Board of Regents travel and living expense reimbursement levels.
Note: The Financial Policy & Audit Committee also serves as the College's Pension Committee.
Composition (7)
Chair, who is the Treasurer; Vice Chair, who is the Chair-elect, BOG; President, President-elect; Chair, BOR; Chair-elect, BOR; Chair, BOG; and Treasurer-elect (in applicable years).
Terms
Length of time to coincide with position held.
2024-25 Members
Janet A. Jokela, MD, MACP, Chair (Treasurer)
Professor and Head Dept. of Medicine, and Acting Regional Dean
University of Illinois College of Medicine at Urbana Champaign
Urbana, IL
Specialties: Infectious Disease, Internal Medicine
Roger S. Khetan, MD, FACP, Vice Chair (Chair-elect, Board of Governors)
Signature Medicine
Baylor University Medical Center
Dallas, Texas
Specialty: Internal Medicine
Rebecca A. Andrews, MD, MS, FACP (Chair-elect, Board of Regents)
Professor of Medicine
Associate Program Director/Dir. Ambulatory Education,
Internal Medicine Residency
Connecticut Health Center
Farmington, CT
William E. Fox, MD, FACP, Chair (Chair, Board of Regents)
Fox and Brantley Internal Medicine, PLC
Charlottesville, VA
Specialty: Internal Medicine
Angela C. Johnson, MD, FACP, (Chair, Board of Governors)
Section Chief of Medicine, Professor of Clinical Medicine
LSU Medical Education and Innovation Center
Baton Rouge, LA
Specialty: Internal Medicine
Isaac O. Opole, MBChB, PhD, FACP (President)
Professor of Medicine
Associate Vice Chancellor of Student Affairs
The University of Kansas Medical Center
Overland Park, KS
Specialty: Internal Medicine
Staff Liaison: Michael Weis mweis@acponline.org
To contact any of these individuals, please consult the Member Directory (members only) or request assistance from acpgovernance@acponline.org.