Common use of Budget Committee Clause in Contracts

Budget Committee. a) The Budget Committee will consist of representatives of the Governing Board that volunteer to be a named participant on the Budget Committee. b) The responsibilities of the Budget Committee include: i) assisting the Treasurer in preparation of annual budgets that adhere to the principles and guidelines established by the Governing Board; ii) developing and reporting metrics for the allocation of budget in relation to meeting the priorities of the Governing Board; iii) reviewing the progress of the Directed Fund against the annual budget; iv) preparing forecasts for future financial needs of the Directed Fund; and v) such other matters related to finance and the financial operation of the Directed Fund as may be directed to the Budget Committee by the Governing Board. c) The Treasurer shall be chairperson of the Budget Committee.

Budget Committee. a) The Budget Committee will consist of representatives of the Governing Board that volunteer to be a named participant on the Budget Committee. b) The responsibilities of the Budget Committee include: i) assisting the Treasurer in preparation of annual budgets that adhere to the principles and guidelines established by the Governing Board; ii) developing and reporting metrics for the allocation of budget in relation to meeting the priorities of the Governing Board; iii) reviewing the progress of the Directed Fund against the annual budget; iv) preparing forecasts for future financial needs of the Directed Fund; and v) such other matters related to finance and the financial operation of the Directed Fund as may be directed to the Budget Committee by the Governing Board.. Not for Execution c) The Treasurer shall be chairperson of the Budget Committee.