The Committee is responsible for:
Assisting the Treasurer in maintaining surveillance over the funds and investments of the Association with the goal of steadily increasing the assets while providing funds.
Ensuring that the Association maintains a reserve fund equal to 6 months of current operating expenses.
Reviewing and revising, at least annually, the Association’s strategy for long-term financial growth and stability with the goal of hiring a management firm to perform the daily operations of the Association.
Investigating for the Treasurer investment vehicles for the Association; the Treasurer will submit the recommendations of the committee to the Executive Board for approval.
Working with the Development Committee to ensure that funds raised by that Committee are appropriately allotted or invested.
Ensuring that the Investment Policy and the Treasurer’s Manual are reviewed and updated regularly.