Definition

Noun: A finance committee is a formally appointed group of people responsible for overseeing, reviewing, and making decisions on financial matters. Its primary role is to consider issues related to budgeting, funding, expenditures, and financial policy.

Usage

The term "finance committee" is used to specify a subgroup within a larger organization, such as a corporation, government body, university, or non-profit, tasked with financial governance. - It typically functions as a singular noun phrase. - It is often preceded by a definite or indefinite article (e.g., the finance committee, a finance committee).

Examples

• Noun:
  • The board of directors referred the budget proposal to the finance committee for review.
  • She serves as the chair of the university's finance committee.
  • A new finance committee was appointed to address the organization's fiscal challenges.

Advanced Usage

• "to report to the finance committee": To formally present information or seek approval from this group.
  • All major expenditure requests must report to the finance committee.
• "finance committee meeting": A scheduled gathering of this committee (note: this is a compound noun, not the target phrase itself).
• "chair/member of the finance committee": Denotes a person's role within the group.

Variants and Related Words

• Budget Committee: A committee with a similar, often overlapping, focus on planning and approving budgets.
• Audit Committee: A committee focused specifically on reviewing financial records and ensuring compliance, often working alongside a finance committee.
• Treasurer: An individual officer often responsible for financial matters and who may work closely with or report to the finance committee.

Synonyms

• Fiscal committee
• Financial oversight committee

Related Phrases

• "To sit on the finance committee": To be a member of this committee.
  • He sits on the finance committee for the local city council.
• "Finance committee approval": Authorization granted by this committee (note: this is a noun phrase, not a phrasal verb).
  • The project cannot proceed without finance committee approval.

Noun

1. a committee appointed to consider financial issues