Finance and Audit Committee

  • Coordinate the preparation of the annual operating budget and the annual capital budget of the Society and make recommendations to Board of Directors as necessary.
  • Review and/or propose any amendments or adjustments to the annual operating budget or annual capital budget of the Society and make recommendations to Board of Directors as necessary.
  • Administer the budget of the Society, including the approval of any financial disbursements or discretionary spending approved within the Society’s budgets.
  • Monitor and oversee all funds, investments and other financial assets and/or liabilities maintained by the Society and make recommendations to Board of Directors as necessary.
  • Monitor and oversee all other financial aspects of the Society and make recommendations to Board of Directors as necessary.
  • Make decisions and give direction with respect to the internal administrative procedures and practices of the Society including the administration of all internal services and activities of a non-commercial nature.
  • Hear appeals of decisions taken by the Student Union Resource Office.
  • All discussions of a sensitive or confidential nature regarding financial matters of the Society shall be held in camera.
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