Incumbent: Roger GreenshieldsElected - Oct 2003 Member since - 1992 |
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Task Description and Duties
Section 26.04 of the Constitution prescribes the following duties for the Financial Director.
Duties of the Financial Director include:
- The Financial Director is the presiding officer of the Standing Committee on Finance.
- The Financial Director shall have the care and custody of all funds and securities of The House and shall deposit, or cause to be deposited, the same in the name of The House in such Bank or Banks as the Board of Directors may select.
- The Financial Director shall maintain, or cause to be maintained, a forecasted expense budget and shall monitor monthly expenses to facilitate responsible stewardship over that which the public entrusted to The House's care.
- The Financial Director, or a duly approved and mandated delegate responsible to the Financial Director, shall be a cosignatory on all documents and effects that pertain to expenditure of funds.
- The Financial Director may or may not be the bookkeeper of The House but nevertheless has ultimate responsibility for producing current financial statements, income and expense budgets, forecasted income and expense budgets, and other lists of financial controls deemed necessary by the Board of Directors.
- The Financial Director liaises with the Chief Executive Officer and jointly produces financial reports and feedback to Sponsoring Partners and Government Departments; and ensures donors are satisfactorily acknowledged in the Annual Financial Statements.
- The Financial Director shall liaise with the Auditor to facilitate the audited annual financial statements before 15 May each year. Should the Auditor not be able to do the audit successfully in time the Financial Director shall make other arrangements in time to meet this deadline.
- The Financial Director shall seek, investigate and obtain the most prudent and effective financial advice regarding financial controls and investments, and advises the Board of Directors accordingly.
- The Financial Director has ultimate responsibility for the work of treasurers of Committees of The House.
Finance Management Budget for 2003/2004
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