Committee Goals:
-Make Budget recommendations to the MCHCD board and monitor board expenditures
- Explore Legal and Financial Implications of Seismic Retrofit of the Hospital
- Achieve Brown Act Compliance
- Make recommendations to the MCHCD Board
All Finance committee work is advisory-only to the Board. Committee and Board involvement in business planning must be structured to adhere to public meeting requirements under the Brown Act and applicable law. Issues involving Adventist Health proprietary information will first occur at a staff-to-staff level to maintain protected proprietary rights.
 

The Finance committee will:

• Become familiar with capital expenditures and costs to maintain existing buildings;
• Build and recommend Board Annual Budget
• Perform proper financial oversight, defined in the lease agreement between Adventist Health and the District;
• Engage with Adventist Health to outline potential facility retrofit and modernization models and timelines, and assess financial implications; 
• Report back to the Board, with recommendations on how to proceed with facilities seismic retrofit and modernization projects.