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Audit Committee

Purpose: The purpose of the Audit Committee shall be to annually (or as otherwise determined by the Board of Directors) to review the books and records maintained by the Executive Director and the elected Treasurer and to make a report to the membership as to their findings.  The Executive Director and Treasurer shall make any all records available to the Committee.

The committee shall also examine the financial operating procedures of the Association and make suggested improvement recommendations to the Board of Directors. Such recommendations shall be included in the annual report of the Audit Committee.

Article VII of the BY-LAWS describe the duties of the Treasurer as follows:

It shall be the duty of the Treasurer to receive and keep records of all monies of the Association; to disburse funds, pay bills, and invest funds according to the vote of the membership at a regular or special meeting, or as directed by signed vouchers by the officers.

However the Executive Director carries out many of these functions as part of the accounting checks and balances required by our insurance company and in accordance with generally accepted accounting principles.  The committee shall annually examine the interface between the duties of the Treasurer and the Executive Director.