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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.

2019-20 Members

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

William E. Fox, MD, FACP, Vice Chair (Regent)
(Chair-elect, Board of Governors)
Fox and Brantley Internal Medicine, PLC
Charlottesville, VA
Specialty: IM

Omar T. Atiq, MD, FACP (Regent)
(Chair, Board of Governors)
Professor of Medicine
Associate Director, Winthrop P. Rockefeller Cancer Institute
University of Arkansas for Medical Sciences
Director, Arkansas Cancer Institute
Little Rock, AR
Specialty: ONC

Douglas M. DeLong, MD, FACP (Regent)
(Chair, Board of Regents)
Chief, Division of General Internal Medicine
Bassett Health Care
Assistant Clinical Professor of Medicine
College of Physicians and Surgeons
Cooperstown, NY
Specialties: IM/ GER

Jacqueline W. Fincher, MD, MACP (Regent)
(President-Elect)
Managing Partner
McDuffie Medical Associates
Thomson, GA
Specialty: IM

Heather E. Gantzer, MD, FACP (Regent)
(Chair-elect, Board of Regents)
Internist, General Internal Medicine
Park Nicollet Clinic
Nocturnist, Park Nicollet Hospitalist Program
Methodist Hospital
Specialties: IM/Hospital Medicine

Robert M. McLean, MD, FACP (President)
Full-Time Private Practice
Northeast Medical Group of Yale-New Haven Health System
Associate Clinical Professor
Yale School of Medicine
New Haven, CT
Specialties: IM, RHU

Staff Liaison: Michael Weis  mweis@acponline.org