Finance Committee

a. Membership

The committee shall consist of five (5) members elected by the Council of School Representatives and the Vice President, Chair of Finance, elected by the general membership of the Local.

The Executive Assistant of the Local shall be Secretary of this committee.

b. Functions

It shall be the duty of this committee to:

1. act in an advisory capacity to the Executive, the Council of School Representatives, and General Assemblies on matters related to the finances of the Local and the budgets of the ATA and GETCA;

2. recommend to Executive, policies and procedures for control of the Local’s finances;

3. monitor the financial dealings of the Local on a regular basis;

4. oversee the investment of Local funds in accordance with the advice of an investment advisor;

5. prepare a draft budget for presentation, through Executive, to the Council of School Representatives for its approval; and

6. prepare a recommendation to the Council of School Representatives on all proposed expenditures additional to those covered in the approved budget.

c. Meetings

1. It shall be the duty of this committee to meet as many times as necessary, until the budget for the ensuing year is prepared.

2. It shall be the duty of the Chair to arrange the time and place of meetings.

3. Notice of meetings shall be given at least three (3) days prior to the meeting to all members except that, in special circumstances, shorter notice may be given.

d. Quorum

The quorum shall be three (3) of the voting members.