Finance Committee Meeting

To receive meeting materials and updates, as well as attend virtually, please email ctc@umnctc.org.

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Meeting Date and Time:

• Thursday, April 20, 2023 - 3:30-5:00 pm (Q1 review)
• Thursday, July 20, 2023 - 3:30-5:00 pm (Q2 review + annual report)
• Thursday, October 19, 2023 - 3:30-5:00 pm (Q3 review + review audit)
  • ​Canceled: Pending rescheduling.
• Thursday, December 21, 2023 - 3:30-5:00 pm (Review budget)
  • ​Rescheduled for December 7 at 7:00-8:00 PM

Hybrid Attendance Option:

All meetings will be held in the Community Center's Kitchen (located upstairs), while offering attendees the option to attend either in-person and virtual.

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Finance Committee Description:

CTC's Finance Committee monitors and optimizes the operational budget, developed by the Executive Director as well as the annual audit, proposed rent and fees, and CTC investments.

• Work with the Executive director or a representative of management, review and recommend a proposed annual budget to the Board of Directors for approval.
• Work with the Executive Director or a representative of management, review and approve annual audit to the Board of Directors for approval.
• Examine the future financial needs of CTC and make recommendations to the Board.
• At least annually, examine the investment policy of CTC with investment representative.
• 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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