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Finance Advisory Committee

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Functions and Duties

  1. The Finance Advisory Committee shall serve as an external monitoring committee to the Durango School District 9-R Board of Education for OE-05 Financial Planning, OE-06 Financial Administration, and OE-07 Asset Protection. The committee shall meet on a monthly basis or otherwise as necessary.
  2. In accordance with Colorado law, all meetings of the Finance Advisory Committee shall be open to the public. All minutes of said meetings shall be published in an appropriate manner.
  3. The committee shall report on the results of its work to the Durango School District 9-R Board of Education twice annually or as otherwise requested.
  4. The committee shall review the work of the District Accountability Advisory Committee (DAAC) as appropriate to clarify the DAAC priorities relative to funding and instruction.

Membership Information

Membership information including member qualifications, number of members, appointments, terms of office, removal from committee, compensation, and officers is defined by the Durango School District Board of Education under Board of Education Policy BC-05 exhibit B.
 
Finance Advisory Committee (FAC) member terms generally begin and expire in June. Every year there is some turnover and the committee recruits interested community members, especially in areas of need described in the Frequently Asked Questions below. If you are interested in volunteering for the Durango School District as a FAC member, please send a letter of interest to the Durango School District Finance Department, 201 East 12th Street, Durango, CO 81301, or complete the interest form below. 
 
Current Members
 
Committee Members
Term
Art Chase June 2023-June 2025
Doug Reynolds June 2022-June 2024
John Wells June 2023-June 2025
Mick Souder June 2022-June 2024
Tim Zink June 2022-June 2024
Vacant TBD
Vacant TBD
Rick Petersen
Ex-Officio
Board Member
Frequently Asked Questions
 
Why a Finance Advisory Committee?
In accordance with the Government Finance Officers Association (GFOA) as well as recommendations made in past Durango School District 9-R financial audit management letters, the Durango School District 9-R Board of Education herein establishes a Finance Advisory Committee. The Board of Education recognizes the need for a Finance Advisory Committee as an external monitoring committee to help ensure continued financial safety and soundness in the district. The Finance Advisory Committee shall review and monitor the financial operation of the district.
 
What is a Board Committee?
A committee is a board committee only if its existence and charge come from the board, regardless of whether board members sit on the committee. The only board committees are those which are set forth in the policy. Unless otherwise stated, a committee ceases to exist as soon as its task is complete or its time frame has expired. For more information see Board of Education Policy BC-05
 
What qualifications do members need?
Member qualifications are defined by the Durango School District Board of Education under Board of Education Policy BC-05 exhibit B. Members collectively possess expertise and experience in accounting, auditing, and financial reporting needed to understand and address financial issues within the district. The member of the Finance Advisory Committee, excluding ex-officio members, shall not hold any other office in the district or be an employee of the district. If you are interested in volunteering for the Durango School District as a FAC member, please send a letter of interest to the Durango School District Finance Department, 201 East 12th Street, Durango, CO 81301, or complete the interest form above.     

Upcoming FAC Meeting Dates

Please note that meetings are scheduled from 8:00 am-9:30 am (except as noted) in the conference room at the District Administration Building, 201 East 12th Street.     
 
September 15th, 2023
October 20th, 2023 
November 17th, 2023
December 15th, 2023
January 19th, 2024
February 16th, 2024
March 15th, 2024
April 19th, 2024
May 17th, 2024
June 21st, 2024

FAC Approved Meeting Minutes