District Finance Committee

 

The appointment of a district finance committee is optional. If a district finance committee is appointed, the district treasurer should be a member of the committee. The appointment should be determined by the governor for each biennium.

 

In accordance with the ZI Bylaws, Article XIII Section 7(d), the district treasurer shall be responsible for the funds of the district and shall administer them in accordance with the approved district budget. The appointment of a district finance committee shall not replace the duties and responsibilities of the district treasurer.

 

If the governor decides to appoint such a committee the following applies:

 

District Finance Committee Chairman Roles and Responsibilities

• In consultation with the district treasurer, monitor the budget(s) versus actual income and expenses during the district fiscal year.

• Prepare a report that the district treasurer presents to the district board.

• Recommend a policy for record retention in keeping with national/local government legal or tax requirements. (For example, in the U.S. the Internal Revenue Service mandates seven years.)

• Assist the district treasurer as needed.