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Finance Committee

The Finance Committee provides advice to the Executive Committee on the selection of the Commission's certified public accounting firm, reviews the results of the public accounting firm's annual audit, reviews and makes recommendations regarding the President’s proposed annual ECS budget, proposes to the Executive Committee changes in ECS’s accounting practices, and recommends strategic financial policies to the Executive Committee.

The Committee also makes recommendations to the Executive Committee regarding the following issues:  portfolio mission and objectives; appropriate asset allocation strategy; ECS investment policy consistent with objectives; and investment managers to implement investment policies.  In addition, the committee monitors investment results and alerts the Executive Committee to any problems.

2011- 13 ECS Finance Committee Members

Chair: Richard Rhoda
Executive Director, Tennessee Commission of Higher Education

Vice Chair: The Honorable Barbara Cegavske
Senator, Nevada Senate

John Bonaiuto
Executive Director, Nebraska Association of School Boards

Diane DeBacker
Commissioner of Education, Kansas

The Honorable Adrienne Jones
Speaker Pro Tem, Maryland House of Delegates