Remit for a Finance Sub Committee

You can download a copy of this Sub Committee Remit here.

Name of sub committee

My-Organisation-Name Finance Sub Committee

Its purpose

*Option 1: advise and make recommendations to the committee on the overall financial resources of the organisation, in line with the objectives in the organisations constitution.

*Option 2: Overseas the organisations assets, reviews and proposes the annual budget, monitors regular financial reports, and reviews financial procedures.

* chose one

If delegated any specific authority and if so define it

Delegated authority to liaise with the auditors and accountants without prior reference to the committee.

Who the chair is/ how it is chaired

Chaired by the Treasurer or the Chair in the absence of the Treasurer

Who the members are

The Treasurer

Finance Officer

Bookkeeper

Chair

Any other committee member agreed by the committee.

How often/when it will meet,

To meet before each full committee meeting and ad hoc meetings as required.

How it will report (i.e. verbal report to each full committee meeting)

There will be a verbal report to each full committee meeting given by the treasurer.

How long it will be in existence

This is a standing committee.


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A Word About Words

This site is aimed at those who govern (control) small organisations - whether they are charities, companies, both or neither. Those who govern them may be called a variety of names. We have chosen to use mainly 'management committee' and occasionally 'committee member' or 'trustee'. more...
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