Finance Committee

Purpose of the Committee

The Finance Committee reviews and recommends policies regarding the financial security and viability of the corporation, reviews quarterly financials, investments, risk management, and the annual budget and audit for presentation to the 董事会 of Directors.

会员

  • At least 一个 student from SUBOD as determined by 董事会 process (voting)
  • At least 一个 other member from SUBOD (voting)
  • Executive Director (无投票权)
  • Full-time staff from the above areas of concern from the Student Union, Inc. (无投票权)
  • Members who wish to join the committee after initial appointments must be approved by the 董事会.

Committee Chair

  • The Finance Committee Chair shall be elected by the committee with approval by the 董事会.
  • The Finance Committee Chair shall be responsible for reporting committee recommendations and findings to the 董事会.
  • The Finance Committee Chair will preside over all meetings of the committee. 如果缺席, a voting member of the committee shall preside over the meeting as designated by Chair in the Agenda .
  • The Finance Committee Chair shall submit the Agenda and designate the meeting time and place in compliance with open meeting laws. Members may place items on the Agenda , by submitting them to the Chair prior to posting.

Term of Office

The term for each voting member of the Finance Committee will be for 一个 year commencing on July 1st or the first meeting in the Fall semester of each year. Members may serve on the committee for subsequent years.

Duties of the Committee

  • To insure fiscal stability of the corporation consistent with the mission of the organization and San José State University.
  • To recommend changes to policies regarding finance, budget, investments and safety 必要时.
  • To review and recommend approval of the annual budget to the 董事会.
  • To present the annual fiscal audit results at the Annual Meeting.
  • To approve any unbudgeted expenditures from Local Reserves.

会议

  • 会议 will be conducted once a month or as needed.
  • 会议 shall be held when at least 一个 voting member is present and at least 一个 non-voting member is present and there is an Agenda item.

Agendas and Minutes