Minutes of the Finance Committee

Finance Committee
Minutes of the Finance Committee
March 13, 2012

IN ATTENDANCE:  Chris Aylward – Chair, Gary Esslinger - RVP-Prairies, Doug Gaetz – RVP-Atlantic and Monique Desrosiers – staff.

The meeting was called to order at 9:00 am.  Chris Aylward provided the agenda with the items listed below.

1. December Financial Statements & Over Expenditures

The committee reviewed and discussed the December 2011 Financial Statements.  The line item over expenditures were also reviewed and discussed; a list of line items with over expenditures will be presented at the March 2012 Executive Council.           

2. Referral from December 2011 Executive Council – Member Appreciation Fund

The committee reviewed the regulation to be presented at the March 2012 Executive Council.

3. Donations

The committee reviewed and discussed a “Donations and Sponsorship” Request Form.  This form will be presented to the March 2012 Executive Council for an open discussion.

4. Banks

The committee had a brief discussion on our financial institution, the Bank of Nova Scotia.  Chris provided the committee with an update and noted that UTE will be changing financial institution.

5. Finance Committee Terms of Reference

The committee reviewed the Terms of Reference for the Finance Committee and will consider amendments at a future date.