The Finance Committee shall be responsible for the presentation of an annual budget, as defined in the Bylaws Article XII. The Finance Committee shall submit a proposed budget annually to the Board of Directors for approval.
Meetings:
The Finance Ctte will convene at the direction of the committee chair at least quarterly or as needed from time to time.
Reports To:
Committee will report their recommendations to the IPhA Board of Directors on a quarterly basis.
Goals/Objectives:
Review and revise the Association\'s annual budget as presented by the Executive Director
Review the monthly compliance to that budget by the Association
Make quarterly reports at the Association\'s Board of Directors meetings
Association\'s Executive Director will perform yearly financial reviews and audits every third year by our Auditors
Monitor Association compliance with all pertinent IRS requirements
Review the financial viability of new projects put forth to the Association
Review revenue and expenses of annual conference
Review budget requests from the Executive Director for replacement of equipment and upkeep of physical plant
Yearly reviews of investment policies
Review budgets prepared and submitted by the IPPAC, IPhA Foundation, and any future IPhA business entities
