The aim of the Board in general is to deliver optimal value to all of our members for the year 2023/24.

In order to deliver this aim, the Board expects to utilise membership funds, sponsorship contributions and any other revenues generated to create outstanding learning events, networking opportunities and other value-enhancing initiatives. The Chapter does not expect to make any specific profit or loss – but will endeavour to ensure that all Members get full value for their membership for the year ahead.

The Finance Chair is responsible for monitoring, reporting, and managing all of the other Chairs in controlling the financial aspects of running the Chapter.

Together, we have identified the following goals, responsibilities, benefits and expectations of you in your position as Finance Chair, and by signing this document you accept the obligations, which are expected of you in fulfilling this position during your tenure:

GOALS:

• Liaise with fellow board members to understand their financial needs for the year
• Create a realistic budget for the Chapter and each Chair for the year – based on an agreed plan and agenda developed by the Board
• Hold the other board members accountable for their budgets
• Keep accurate and detailed financial records including accounts receivable and accounts payable
• Stay up to date on Chapter, Area, Regional and Global initiatives

To achieve the goals or other objectives for the Chapter, you may have several ideas and initiatives that you wish to pursue. Many of these ideas would have been generated during your time at the GLC based on the experiences of other Chapters in Australia, New Zealand or around the world. You may also have discussed some ideas with your predecessor during succession meetings. You should raise these ideas for consideration with the Board at the Strategy Summit. Please summarise them in the Appendix to this statement, so that they can be quickly reviewed and considered by the Board on the day.

EXPECTATIONS AND RESPONSIBILITIES

Finance Chair’s Activities:

• Regularly liaise with fellow board members to understand their financial needs for the year
• Create and keep an update on the budget for the chapter
• Hold other Board members accountable for their budgets
• Ensure that the Chapter keeps accurate and detailed financial records
• Regularly report the performance of the Chapter relative to the budgets

COMMITMENT

Personal Participation with the Board, Area, Region