| Administrative History | Established 2011, through the merger of the Management & Finance Committee & Budget Planning Committee.
The FPC's aims is to ensure the financial health of the Society, through: maximising revenue generation and cost effectiveness, consistent with its charitable aims; transparent accounting and financial reporting mechanisms; effective financial planning and investment management.
Its terms of reference are:
To set the annual budget timetable, and to work with staff and other committees to develop revenue and capital budgets.
To monitor performance against the budget throughout the year.
To oversee production of financial accounts shortly after the financial year end for approval by Council.
To ensure that all monies and investments held in the Society’s various Funds are properly managed.
To coordinate fundraising and sponsorship activities.
To work with staff and other committees to maintain and update a rolling three-year business plan for the delivery of the Society’s strategy, and to monitor progress against it.
To advise Council on other financial and business planning matters. |