Finance Committee

The responsibility of the Finance Oversight Committee shall be to review the financial reports, file tax returns, propose the annual budget, set and follow the

investment policy, oversee the annual audit, and monitor the Corporation’s financial condition. Other duties include ensuring that resources to support the Corporation are well managed, and recommending dues structures and rates. 

The Finance Oversight Committee is responsible for establishing sound financial plans and control for the Corporation, overseeing and monitoring the fiscal operations of the Corporation, recommending the selection of an accounting firm to perform an annual audit of the financial condition of the Corporation, reviewing and recommending approval of the annual financial reports of the Corporation to the Board, and overseeing the development of an annual budget for approval by the Board. 

The Board must approve the budget and all expenditures must be within budget. Any major change in the budget must be approved by the Board. Annual reports are required to be submitted to the Board by the Finance Oversight Committee and reviewed at the annual meeting. The financial records of the Association shall be made available to the Directors, Officers, members, and all other persons in any way affiliated with the Association.