Budget Subcommittee

AUTHORIZATION

Finance committee established as a Special Committee in 1942. Established as a Standing Committee in 1943. Re-established as a Subcommittee of the Executive Board in 1996. Re-named Budget Subcommittee in 2007.

COMPOSITION

Chair, treasurer, president, first vice-president (president-elect,) Executive Director and up to three additional board members.

FUNCTIONS

  • To prepare an annual budget subject to the approval of the Executive Board.
  • To project future expenditures and to recommend possible ways of meeting the expenses involved.
  • To review Association investments annually.
  • To implement, review and evaluate the financial plan of the Association.
  • ┬áTo periodically review procedures and controls relating to financial management of the association.