saving the girl child from the street

The tasks of the Committee

Section 42.04 of the Constitution prescribes the following duties for the Standing Finance Committee. (please note: this extract may differ from the Constitution)

1. Report to the Board of Directors and the Annual General Meeting on financial matters.
   
2. Advise the Board of Directors on financial matters.
   
3. Set bookkeeping and accounting procedures and standards.
   
4. Facilitate bookkeeping and accounting.
   
5. Provide the Auditor with the necessary information to conduct annual audits of the accounts.
   
6. Evaluate, monitor and report on the handling of funds and financial transactions of all committees, self-governing affiliated programs, programs and projects of The House.
   
7. May appoint remunerated or non-remunerated personnel to fulfil its duties but no more than twenty percent of its members shall be salaried employees.
   
8. Operate within the budgets' constraints, permissions, and challenges.
   
9. Ensure procurement of goods and services are made in the most cost effective and prudent manner, obtaining, or cause to be obtained, at least three quotes and researching alternatives and asking for donations and/or appropriate charity discounts. To this effect the Financial Director shall cause a standard form of procurement proposal to be used by officers, staff members and committees to obtain permission from the Board of Directors to procure goods.
   
10. Maintain, and cause to be maintained, asset registers for The House and for each premises; continually tracking replacement values, insurance values, relocation and utilisation of assets.
    Oversee and cause employee taxation, sales tax, income tax and municipal rates and taxes to be paid correctly, timely and prudently.
    
11. Discover unnecessary costs, hidden costs and means to minimize costs.
    
12. Ensure The House's compliance to the Constitution, The Manual for Management, Bylaws and local legislation.
    
13. Notwithstanding other provisions of the Constitution, and the Governing Documents, the Finance Committee, working with the Chief Executive Officer shall cause to submit proposed annual income and expense budgets for The House to the Board of Directors and make recommendations to the Board with respect to major financial policies of The House. It shall review the sources of funds, the expenses and application of funds held by The House and shall also recommend long-range financial plans.

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