VP Finance: Difference between revisions

VP Finance (edit)

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→‎Constitution and Bylaw

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 == Constitution and Bylaw ==
-The mandated responsibilities according to the University of Toronto Engineering Society Constitution can be found [[The Constitution: Bylaw 4]]. These responsibilities include:
+The mandated role of the VP Finance is stated in Bylaw 1, Chapter 3 and Bylaw 4, Chapter 2 as follows:
+Bylaw 4
+*2.0.1 	The Vice-President Finance is responsible for overseeing the commercial operations defined in Bylaw 5.
+*2.0.2 	The Vice-President Finance shall make a report, at all regular meetings of Council of the Society’s financial position including but not limited to:
+**a) 	A comparison of actual income and expenses pertaining to the budget; and
+**b) 	A statement of expected income and expenses.
+*2.0.3 	The Vice-President Finance shall, within two weeks following each 31 May, submit the Society’s Accounts and year-end financial statements to the Auditors.
+*2.0.4 	The Vice-President Finance shall present the Auditor’s Report at the Annual General Meeting in October.
+*2.0.5 	The Vice-President Finance is responsible for working with the Alumni Association and the Faculty’s Office of Development on matters pertaining to fundraising.
+*2.0.6 	The Vice-President Finance is responsible for cheque requisition and approval.
+*2.0.7 	The Vice-President Finance, in conjunction with the Executive, shall prepare three budgets for Council Approval:
+**a) 	Spring Budget presenting a general overview of the planned financial priorities which shall be presented to the first Council meeting after the Joint Council Meeting;
+**b) 	Fall budget containing detailed projections of planned revenue and expenditure which shall be presented at the second Council meeting of the fall term;
+**c)	Winter budget derived from the fall budget including revisions based on actual revenue and expenditures which shall be presented at the January Council meeting.
+*2.0.8 	The Vice-President Finance is responsible for the security of the Society’s priorities.
-*overseeing the commercial operations defined in Bylaw 5.
-*make a report, at all regular meetings of Council of the Society’s financial position including but not limited to:
-**A comparison of actual income and expenses pertaining to the budget; and
-**A statement of expected income and expenses.
-*within two weeks following each 31 May, submit the Society’s Accounts and year-end financial statements to the Auditors.
-*present the Auditor’s Report at the Annual General Meeting in October.
-*work with the Alumni Association and the Faculty’s Office of Development on matters pertaining to fundraising.
-*responsible for cheque requisition and approval.
-*in conjunction with the Executive, shall prepare three budgets for Council Approval:
-**Spring Budget presenting a general overview of the planned financial priorities which shall be presented to the first Council meeting after the Joint Council Meeting;
-**Fall budget containing detailed projections of planned revenue and expenditure which shall be presented at the second Council meeting of the fall term;
-**Winter budget derived from the fall budget including revisions based on actual revenue and expenditures which shall be presented at the January Council meeting.
-*The Vice-President Finance is responsible for the security of the Society’s priorities.
   The VP Finance’s portfolio of directors includes: