A Budget Proposal Policy

Policy #1617-00

A Budget Proposal Policy

PURPOSE

The purpose of this policy is to establish a regular procedure for the drafting, revision, and implementation of the Local’s annual budget.

PROCEDURE

1.  A Budget Committee shall be formed each fiscal year from members of the Local’s Representative Assembly and chaired by the Local’s Financial Officer. The following officers shall be members of the Budget Committee ex officio: the Financial Officer; the Local’s Co-Chairs; and the Head Representative of the Representative Assembly. There must also be at least two additional members who are not part of the Coordinating Committee.
2. Prior to the final scheduled meeting of the Representative Assembly each academic year, the Budget Committee shall prepare an initial budget to be used in the following academic year for the Local. This initial budget shall be distributed to the members of the Representative Assembly by the Head Representative not less than one week prior to the Representative Assembly’s final scheduled meeting.
3. Approval of the budget shall be taken up as a business item at the final scheduled meeting of the Representative Assembly each academic year.
4. Final authority to amend and approve the budget rests with the Representative Assembly.

SUBMITTED,

Eric Rowse, Financial Officer

Eric Scott and Sarah Senff, Co-Chairs

APPROVED BY THE GENERAL MEMBERSHIP OF THE LOCAL, FEBRUARY 18th, 2017.

Note: This policy was enacted by the General Membership, as the Representative Assembly had not yet formed at the time this policy was introduced.

AMENDED BY THE REPRESENTATIVE ASSEMBLY, SEPTEMBER 13TH, 2017.