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Financial Policy & Audit Committee

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.

Note: The Treasurer-elect, (in applicable years), is invited to attend FPAC meetings.

Terms

Length of time to coincide with position held.

2022-23 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
jokela@illinois.edu

Elisa I. Choi, MD, FACP, FIDSA, Vice Chair (Chair, Board of Governors)
Chief of Internal Medicine
HVMA Somerville
Internal Medicine and Infectious Diseases/HIV Medicine Specialist
Harvard Medical School Faculty
Boston, MA
Specialty: Internal Medicine
elisamdfacp@gmail.com

Omar T. Atiq, MD, FACP (President-elect)
Professor of Medicine and Otolaryngology-Head and Neck Surgery
Winthrop P. Rockefeller Cancer Institute, University of Arkansas for Medical Sciences
Little Rock, AR
Specialty: Oncology/Hematology
otatiq@gmail.com

Eileen D. Barrett, MD, MPH, SFHM, MACP (Chair-elect, Board of Regents)
Associate Professor of Medicine
University of New Mexico
Albuquerque, NM
Specialty: Internal Medicine
barrett.eileen@gmail.com

Sue S. Bornstein, MD, FACP (Chair, Board of Regents)
Executive Director
Texas Medical Home Initiative
Dallas, TX
Specialty: Internal Medicine
suebornstein@gmail.com

Ryan D. Mire, MD, FACP (President)
Assistant Professor of Clinical Medical Education
University of Tennessee College of Medicine
Nashville, TN
Specialty: Internal Medicine
rdmire@gmail.com

Priya Radhakrishnan, MD, FACP (Chair-elect, Board of Governors)
Chief Academic Officer & VP Social Determinants of Health & Heath Equity
HonorHealth
Scottsdale, AZ
Specialty: Internal Medicine
PRadhakri@honorhealth.com

Staff Liaison: Michael Weis  mweis@acponline.org