Finance Committee (Ad Hoc)

Responsibilities of the Finance Committee  

1. The Finance Committee is chaired by the Electrical Association Treasurer and consists of the officers of the Electrical Association and the past Chair of the Board.
   
2. The Treasurer is responsible to see that accurate and complete records are kept of all money and property received, owned, and dispersed by the Corporation, in such manner as may be prescribed by said Board of Directors, and that all monies and property are deposited and kept safely in such banks or other depositories as may be designated by the Board of Directors. The Treasurer will work with the the Electrical Association staff and coordinate reporting on the finances of the the Electrical Association to the Board of Directors.
   
3. The Finance Committee shall formulate, review, and/or recommend to the Board of Directors the financial plans and policies for the Electrical Association, approve the annual budget, develop policies of investment and use of funds of the Electrical Association.
   
4. The committee shall analyze all financial problems and present recommendations for solutions to the Board of Directors.
   
5. The committee will get qualified outside help as needed such as hiring a certified public accountant to conduct audits, reviews, and to provide advice.