BUDGET & FINANCE COMMITTEE
Robert Wescott Sr.**
George H. Hill*
Santo (Chan) Rivera
The Budget and Finance committee is responsible for the
preparation and review of the Association’s budget and projected revenue for
the upcoming fiscal year. The Committee also develops recommendations to
bolster’s the Associations financial posture. The committee works closely
with the Financial Secretary and the Treasure in the development of the
budget and finance recommendations.
The budget process begins with input from the various committee chairs.
These requested are used to formulate the initial budget input. The budget
committee meets in May of each year and evaluates each budget request based
on the need and the report of expenditures from the Financial Secretary. The
committee also examines the revenue reports from the Financial Secretary;
this also factors into the budget preparations. The committee then adjusts
the budget as necessary. The committee then formulates an action plan to
help drive revenue for the upcoming fiscal year.
The committee chair is responsible for reporting the budget to the officers
and membership at the annual convention via the committee reports. At the
request of the President, the committee may also have to present an oral
report at the Association’s annual convention.