Membership: Preferably not a member of the Finance Committee Term: One year, but may serve unlimited number of consecutive terms upon nomination by the Nominating Committee and approval by the Meeting. General Responsibilities: Annually review the Treasurer’s books, reports, and records to ensure that they accurately state the financial condition of the Meeting including its income, expenditures, assets, and liabilities. In addition, carry out such inspections as deemed necessary to ensure that expenditures are properly authorized and to confirm that Meeting investments and other assets are properly recorded and correctly valued. Specific Responsibilities: 1. To assure that the meeting has a balance sheet and a cashflow statement that accurately reflect the events of the prior year. 2. Reports annually to business meeting within two months of the Treasurer’s year-end report. 3. Every five years, prepares for and participates in an outside review of the Meeting’s financial records. 4. Carries out additional spot checks as considered warranted. Note: The auditor’s job will be lighter if the auditor works alongside the treasurer during the treasurer’s preparation of the annual financial report, as defined in the treasurer’s responsibilities.
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