Finance

TERMS OF REFERENCE


Section 7 - Duties of the Committees


  1. Finance

  1. to make recommendations to the Unit Executive in regard to financial policies and procedures for the Unit;

  2. to assist the Unit Treasurer in preparing the budget;

  3. to make recommendations regarding Unit levy(ies) and investments;

  4. to meet four (4) times per year as follows:

  1. September - to assist in preparing a balanced budget prior to the presentation to the Unit Executive and the Unit General Meeting;

  2. October/November – to review the audited financial statements and make recommendations to the Executive;

  3. January/February – to review the financial position of the Unit;

  4. June – to review the past year and to outline plans and changes for the next financial year.