Finance Committee

This committee is responsible for all elements of finance of the organization.  The Treasurer is a member of this Committee and will review and consult with the Committee on a regular basis.

Specific duties include:

·       Develop an annual budget and monthly reporting system.

·       Review and authorize all contracts that involve expenditure of funds.

·       Develop and maintain appropriate bookkeeping systems

·       Develop Systems of Internal Control & Current Operating Procedures.

·       Oversee filing of all tax returns and government information.

·       Provide financial information to Audit Committee for annual audits.

·       Make recommendation to Board regarding annual allocation of funds to endowment.

·       Negotiate insurance coverages.

·       Negotiate any and all other financial and administrative requirements that may arise.

·       Maintain minutes of committee meetings.

·       Provide report to Board of Directors at each board meeting.

 

© 2008 Penacook Historical Society