The Finance Committee, with the assistance of the Corporation’s Executive Director and Director of Finance & Development, prepares and presents an annual budget, including recommendations regarding dues structure, to the Board of Directors for its approval. The Committee also establishes appropriate fiscal reporting procedures, including an annual financial review, as well as procedures for investment strategies and for receiving and expending the Corporation’s funds.
The Committee also oversees risk management activities and ensure that all persons authorized to handle funds on behalf of the Corporation are bonded. The Treasurer shall chair the Committee. (Meets prior to Board meetings in January, March, May, July, November, and, in October for budgeting)