Type
Standing
Charge
Review the financial situation of the Association and make recommendation to the President and the Board that will place the finances of the Association on a sound basis.
Composition & Term(s) of Office
Makeup: Shall consist of chair, members and the current treasurer
Chair: One year term
Member:
• One year term
• Treasurer serves as ex-officio of the committee
Major Responsibilities
• Review Quarterly reports submit by the Treasurer
• Make recommendation of the finance and investment opportunity of the association.
Procedures
• Review and analyze the quarter report.
• Determine financial stability and spending needs
• Make recommendation for investment
Communication & Consultation
• Executive Director
• President
• Board of Directors
• Treasurer
Timeline
• January
o Review treasurer's semi-annual report and file committee report
• April
o Review treasurer's quarterly report and make recommendation
• June
o Review treasurer's annual report and file committee report
• October
o Review treasurer's quarterly report and make recommendation
Report Due Dates
Interim: Two weeks before the board meeting at mid-winter meeting.
Annual: Two weeks before the board meeting at annual conference.