Finance

The Finance Committee ensures the financial health and sustainability of our Islamic center through responsible stewardship, transparent management, and strategic resource development. By fostering a culture of generosity and collaboration, we aim to support initiatives that strengthen our community and uphold the values of faith, compassion, and unity.

Key Responsibilities:

Strategic Oversight: The development and implementation of financial strategies aligned with the center’s mission and vision.
Budgeting and Planning: Oversee the creation of annual budgets, ensuring they reflect the center’s priorities and objectives.
Financial Reporting: Provide regular financial reports to the board and stakeholders, ensuring transparency and accountability.
Expense Management: Monitor expenses to ensure they align with budgetary constraints and organizational needs.
Risk Management: Identify and mitigate financial risks to safeguard the center’s assets and reputation.
Compliance: Ensure compliance with legal and regulatory requirements related to finances and charitable activities.
Fundraising Strategy: Develop and execute fundraising strategies to support the center’s programs and initiatives.
Donor Relations: Cultivate relationships with donors, sponsors, and funding partners to secure financial support.
Financial Controls: Establish and maintain internal controls to safeguard assets and prevent fraud or misuse of funds.

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