Finance Committee
Chair: Amy Wood, VP Finance
Members: Executive Committee
Mandate: To maintain an efficient, effective organization that is transparent and fiscally responsible.
Goals
- To be fiscally accountable to its members and partners.
Responsibilities
- Chair the Finance Committee.
- Develop along with the Executive Director the annual budget of the Association.
- Review monthly and/or quarterly financial reports.
- Ensure all grant follow-ups and submissions are completed.
- Annually review, establish, update, and revise/amend the financial policies.
- Determine annual membership categories and fees and to identify appropriate membership services.
- Identify fund-raising and self-help requirements.
- Ensure effective handling of all monies belonging to the Association.
- Ensure the proper authorization of all expenditures and to oversee the keeping of full and accurate accounting records of all financial matters.
- Arrange for an annual audit of the financial operations of the organization and report results to the Board.
- Prepare a written report to the AGM to summarize the activities of the Committee for the year.
- Be one of the signing officers of the Association.