C30.   BUDGET

 

C30.1 OBJECTIVES

 The  Budget Committee is charged with the development of an annual long range budget, financial and investment planning, application for grants and  funds and the modification,  adjustment and review of  the current  budget.  The  Committee  shall  assure that all local, state and  federal rules and    regulations  are  met.    As  per  Rule  701.2,  an Annual  Review   by  a   CPA  shall   be authorized by  the Budget Committee of  all  FYSA  funds,  which   may  be a  full  audit or some
 lesser accounting  procedure.

 

C30.2 STRUCTURE

 

  1. Chair shall be the Treasurer of FYSA.
  2. Except for the Chair, shall serve for one (1) year until the close of business at the    AGM.
  3. Shall be comprised  of not less than five  (5)  members,  one member selected from
      each  region, and including the Chair.

 

 C30.3 DUTIES AND RESPONSIBILITIES

 

  1. Shall receive and review all budget request and submit to the Executive
      Committee for  review.

  2. Shall compile reviewed requests into an overall budget to be submitted
      by the Committee for membership approval at  the AGM.

  3. The  Chair  is  authorized  to  receive  requests  for  budget adjustments
     during  the seasonal year.  Such  request,  not to exceed  five hundred
     ($500.)dollars or  five percent (5%),  may be approved be the Committee,
     ratified by the  Executive Committee and reported to the BOD.

  4. Shall submit the audit to the Executive Committee and reporting to the
      membership at the AGM.

  5. Shall assist committees in projecting costs when developing new programs
      or procedures  in order to develop their operational budget as per Rule 702.6.

  6. Shall meet on an "as needed" basis with at least one (1) meeting in conjunction
      with the BOD.

  7. Develop a budget to cover the projected costs for completion of its task for
      the seasonal  year.

  8. Besides the annual budget,  shall  make  such  interim  reports as required by the BOD.