As a not-for-profit organization, KYACAC is charged with and dedicated to directing its resources to those programs, projects and activities that express and serve its mission. KYACAC’s Fiscal Policy specifies the policies and procedures by which the organization ensures that fiscal decisions and outlays are consistent with this mission. KYACAC also dedicates a portion of its resources to reserves as a matter of prudence and careful stewardship. The Fiscal Policy Committee (FPC) also reviews the Fiscal Policy annually and recommends revisions to the board for final approval. The committee is comprised of the President, Past-President, President-Elect, Treasurer, Treasurer-Elect, and one member appointed by the FPC.