Objectives:

• Ensure sound financial governance and compliance with legal and organisational standards
• Develop, monitor and revise annual budgets in line with strategic goals
• Create sustainable fundraising strategies to support ATH programs and initiatives
• Strengthen transparency and accountability across all financial transactions
• Provide financial reporting and updates to the Board and stakeholders
• Support capacity-building for local tourism operators and partners in financial literacy

Action Plan:

• Quarterly Budget Reviews: Conduct regular budget reviews to monitor performance and adjust spending where needed
• Funding Strategy Development: Identify new funding opportunities through grants, sponsorships, and partnerships
• Financial Training: Offer training workshops for committee members, stakeholders and local partners on budgeting, reporting and financial best practices.
• Stakeholder Reporting: Produce clear and timely financial reports for ATH members and funders
• Audit & Compliance Oversight: Ensure annual audits are conducted and financial procedures meet required standards
• Collaboration with Other Committees: Align financial planning with project goals from the Education, Marketing, Safety & Security, and Projects Committees