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Budget Finance Committee Report December 6, 2010 The Budget - myclay

Budget Finance Committee Report December 6, 2010 The Budget - myclay-2025

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The Budget/Finance Committee Report from December 6, 2010, outlines various recommendations for budget approvals and modifications, including a budget transfer for the ICT Division's telephone system components, approval for a grant application by the Clay County Historical Commission for the stabilization of the Budington House, modifications to bid awards for EMS medical supplies and rescue chassis reconditioning, and contracts with vendors for asphalt products. The report also includes rankings for professional engineering services and contractor prequalification for the Green Cove Springs Senior Center construction.

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What is financial committee?

The purpose of the Finance Committee (the Committee) is to assist the Board of Directors in fulfilling its oversight responsibilities with respect to the monitoring and oversight of the Corporations financial resources, including its capital management, recovery and resolution planning processes, and asset/liability

What is the function of the Financial Management committee?

They review and monitor financial statements, bank reconciliations, insurance policies, reserves, and investments to ensure the numbers are correct and align with the budget. Clear reports make it easy for the board to understand where the community stands from a financial point of view.

What is the role of the financial Services committee?

Under the rules of the 113th Congress, the Financial Services Committees jurisdiction includes: Banks and banking, including deposit insurance and Federal monetary policy. Economic stabilization, defense production, renegotiation, and control of the price of commodities, rents, and services.

What is the main purpose of the finance committee?

A Finance Committee gives the board control over the finances of the organization, and is the tool by which it exercises fiscal responsibility. To protect the organization from legal challenges and liability.

What is the role of the budget and finance committee?

Common responsibilities of Finance Committees include: Overseeing the financial dealings of the organization in this capacity, the committee might: Be familiar with, approve, and review periodically the organizations annual budget. Make sure funds are being expended ing to funders requirements.

What is the main function of the budget committee?

A budget committee is an official group that creates and oversees the standards and best practices to implement and update an organizations spending and resource allocation plans while maintaining fiscal responsibility.

Budget Finance Committee Report December 6, 2010 The Budget - myclay-2025

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