VLA FINANCE COMMITTEE

1. Chair
The Treasurer serves as Chair of the Finance Committee

2. Membership
The Second Vice-President, as Chair of the Administrative Services Committee, appoints at least 3 members for a two-year term. The immediate past Treasurer, Vice-President/ President-Elect, the Conference Committee Chair, the Publications Committee Chair, and the Paraprofessional Conference Chair serve by virtue of their office. Terms are staggered. The Executive Director is an ex-officio member of the Committee.

3. Committee Charge

a. Identify and develop alternative sources of financial support for the Association, such as endowment funds and corporate support.

b. Monitor investment accounts and, in consultation with account representatives and/or other financial advisors, evaluate and recommend alternative investment strategies.

c. Propose annually the long-range budget goals for the Association, including investment strategies, development of reserve funds and endowment funds, etc.

d. Work with VLA units annually on the preparation of budget requests; with conference committees on preparation of conference budgets and with the Treasurer on the preparation of the annual operating budget.

e. Advise on the preparation of the Executive Director's monthly budget report and the Treasurer's budget reports to Council; evaluate and advise on ongoing accounting procedures; and report to Council on the results of the annual audit.

f. Evaluate the dues structure annually in consultation with the Executive Director and make recommendations to the Executive Committee.