OKCMAR FINANCE COMMITTEE
The Finance Committee consists of three past OKCMAR treasurers, OKCMAR President and President-Elect, as well as three association members with demonstrated financial experience.
The committee establishes and presents the proposed annual budget to the Board and fulfills the following duties:
• submit to the Board of Directors a monthly report of actual income and expenses to date in relation to the budget prepared by the CPA and reviewed by the Secretary Treasurer;
• review the financial operations of the Association in relation to the budget and prepare appropriate recommendations to the Directors;
• annually review federal and state income tax reports as prepared by the CPA and report to the Board of Directors;
• cause a certified audit and financial systems review to be made annually; and
• any other duties as prescribed by the Board of Directors. Requests from OKCMAR committees or officers for unbudgeted expenditures over One Thousand Dollars ($1,000.00) must be referred to the Finance Committee for recommendation.
The committee establishes and presents the proposed annual budget to the Board and fulfills the following duties:
• submit to the Board of Directors a monthly report of actual income and expenses to date in relation to the budget prepared by the CPA and reviewed by the Secretary Treasurer;
• review the financial operations of the Association in relation to the budget and prepare appropriate recommendations to the Directors;
• annually review federal and state income tax reports as prepared by the CPA and report to the Board of Directors;
• cause a certified audit and financial systems review to be made annually; and
• any other duties as prescribed by the Board of Directors. Requests from OKCMAR committees or officers for unbudgeted expenditures over One Thousand Dollars ($1,000.00) must be referred to the Finance Committee for recommendation.
28
October
Wednesday
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