Finance Committee

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.