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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.

2021-22 Members

Gregory C. Kane, MD, MACP, Chair
(Treasurer)
The Jane and Leonard Korman Professor of Pulmonary Medicine
Chairman of the Department of Medicine
The Sidney Kimmel Medical College
Thomas Jefferson University
Jefferson Pulmonary Associates
Philadelphia, PA
Specialty: Internal Medicine
Gregory.kane@jefferson.edu

Elisa I. Choi, MD, FACP, FIDSA, Vice Chair
(Chair-elect, 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

George M. Abraham, MD, MPH, FACP, FIDSA
(President)
Professor of Medicine
University of Massachusetts Medical School
Worcester, MA
Specialty: Internal Medicine
george.abraham@umassmed.edu

Rebecca A. Andrews, MD, MS, FACP
(Chair, Board of Governors)
Professor of Medicine Associate Program Director
Internal Medicine Residency Director of Ambulatory Education, Internal Medicine Residency
Connecticut Health Center
Farmington, CT
Specialty: Internal Medicine
reandrews@uchc.edu

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

Thomas G. Cooney, MD, MACP
(Chair, Board of Regents)
Professor of Medicine
Oregon Health & Science University
Portland, OR
Specialty: Internal Medicine

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

Staff Liaison: Michael Weis  mweis@acponline.org