Financial Planning Committee's Roles & Responsibilities

· Islands Trust Area · Policies · 2020

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Topics: Governance & budget — our classification, not the Trust's.

Extracted text (beginning)

Financial Planning Committee Responsibilities 
Annual Budget Process 
Facilitates Council's involvement in the annual budget process. 
Budget and Financial Planning 
Facilitates the linkage of the annual strategic planning process with the annual budget process. 
Financial Management 
Reports to and makes recommendations to Council regarding the organization's financial management 
practices. 
Annual Audit 
Appoints (from amongst its members but excluding members of the Executive Committee) an Audit 
Committee for the purposes of reviewing and recommending approval of the annual audit. 
Islands Trust Conservancy Board Support 
Provides advice to the Islands Trust Conservancy board on financial services and support available from 
the Islands Trust.

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