Finance Committee Meeting

To join the meeting, plus receive meeting materials and updates, please email ctc@umnctc.org.

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Meeting Date and Time:

• Monday, October 10, 2022
• 2:00-4:00pm
• Zoom Meeting (email CTC's Office to join)

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Finance Committee Description:

CTC’s Finance Committee monitors and optimizes the operational budget, annual audit, proposed rents and fees, and CTC investments, with the assistance of CTC Management and CTC auditor.

• Propose Annual Budget: Work with the CTC Management representative, review and give recommendations for annual budget to the Board of Directors for approval.
• Approve Annual Audit: Work with the CTC Management representative, review and give recommendations for annual audit to the Board of Directors for approval.
• Examine the future financial needs of CTC and make recommendations to the Board.
• CTC Investments: Work with the CTC Management representative, review and give recommendations for investments as needed or directed by Board of Directors.
• Perform such tasks of fiscal policy nature as assigned to it by the Board of Directors.
• See full description and objectives here.

Finance Committee Members:

• The Committee shall meet at least 2 times a year or as needed.
• The Finance Committee shall include no more than 5 members who will be exempt from routine laundry duty.

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Meeting Agenda

To Complete in advance of the meeting: (all to be sent in email)

• Review FY21-22 Audit Draft (July 1, 2021-  June 30, 2022)
• Review Finance Committee description and role
• Consider being the designated chair to lead the conversation and make recommendations to the board

Meeting Objectives:

• Review and approve the Audit with any recommendations to the board
• Determine next meetings for Budget review and approval