FINANCE COMMITTEE

FINANCE COMMITTEE

1) The Finance Committee consists of:

  1. The SRC Treasurer who shall be the Secretary to the Committee;
  2. One representative from each year group; and
  3. Two persons nominated by the General Assembly at its first sitting.

2) The first meeting of the Committee shall be chaired by the Electoral Commissioner who shall supervise the election of the Chairperson from among the members.

3) The Chairperson shall be a Signatory to the SRC Account (s).

4) The quorum for the Committee meeting shall be five (5) members.

5) The Committee does the following

  1. Pre-audit all financial transactions of the Executive Officers, Commissions, Boards and Committees of the SRC;
  2. Prepare and submit to the General Assembly estimates of revenue and expenditure of the SRC for the academic year on trimester basis at the beginning of each trimester for approval through the Chairperson;
  3. Within three (3) weeks after the beginning of each trimester and within two weeks before the end of each trimester, inform the general student body by publishing on all notice boards details of all financial transactions of the SRC or Commissions, Boards and Committees of the General Assembly in the preceding trimester;
  4. Encourage and promote efficient utilization of the resources of the SRC through effective and efficient financial measures;
  5. Be responsible for monitoring the receipts into and payment out of the Student Fund and shall report to General Assembly at least once every trimester;
  6. Not later than six (6) weeks before the end of each trimester, and three weeks after beginning of each trimester, submit to the Audit Board for audit, a statement of receipts and payments into and from the Student Fund; and
  7. Do all other things not inconsistent with the Constitution as may be prescribed by a resolution of the General Assembly.

THE COMMITTEE IS CHAIRED BY

MENSAH VICTORIA

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