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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.

2017-18 Members

Robert H. Lohr, MD, FACP, Chair, (Treasurer)
Assistant Professor of Medicine Emeritus
College of Medicine-Mayo Clinic
Consultant, Hospital Internal Medicine
Rochester, MN
Specialty:  IM

George Abraham, MD, MPH, FACP, Vice Chair (Regent)
(Chair-elect, Board of Governors)
Professor of Medicine
University of Massachusetts Medical School
Associate Chief of Medicine
Saint Vincent Hospital
Worcester, MA
Specialty: ID

Jack Ende, MD, MACP (President)
The Schaeffer Professor of Medicine
Perelman School of Medicine of
The University of Pennsylvania
Philadelphia, PA
Specialty: IM

Ana María López, MD, MPH, FACP
(President-elect)
Associate Vice President for Health Equity and Inclusion
University of Utah Health Sciences Center
Director of Cancer Health Equity, Huntsman Cancer Institute
Professor of Medicine, University of Utah School of Medicine
Salt Lake City, UT
Specialty: Medical Oncology/ HPM

Susan Thompson Hingle, MD, FACP
(Chair, Board of Regents)
Professor of Medicine
SIU School of Medicine
Springfield, IL
Specialty:  IM

Andrew Dunn, MD, MPH, SFHM, FACP
(Chair-elect, Board of Regents)
Professor of Medicine
Chief, Division of Hospital Medicine
Mount Sinai Health System
New York, NY
Specialty: IM

Thomas G. Cooney, MD, MACP
(Chair, Board of Governors)
Professor of Medicine
Vice Chair for Education
Oregon Health & Science University
Staff Physician
Portland VA Medical Center
Portland, OR
Specialty:  IM

Staff Liaison: Michael Weis  mweis@acponline.org