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    Membership

    • Chair: Preferably a member of the MRSA Executive
    • General members 6 – 8, or as needed
    • Membership recruitment is through periodic expressions of interest
    • Length of term two (2) years, with renewal as interested members wish to continue
    • Labour Relations Officer for support and as needed

    Roles and Responsibilities

    • Report  to the Executive on a quarterly basis, regarding recommendations on any capital or operating expenditures, recommendations on any adjustments during the fiscal year, oversight of investments of the MRSA and make any recommendations as necessary
    • Provide oversight to the annual external audit process
    • Consult external counsel or advisors based on recommendation deemed appropriate by the Executive
    • Develop or assist in the development of internal controls , including policies and procedures related to the finances and the risk mitigation to the Association
    • Provide oversight and appropriate response on the prevention and detection of fraud
    • Conduct an annual review of the MRSA insurance plans
    • Ensure financial records are accurate
    • Develop the annual projected budget for approval from MRSA Executive, and presentation at the General Meeting.
    • Ensure compliance with PIPA and other applicable statutory requirements
    • Provide updates as necessary for the Financial Operations manual

    Reporting

    The Treasurer is responsible for reporting on a regular basis to the Executive, and/or larger membership.  Reporting may include the following:

    • For Information
    • For Discussion
    • For Action
    • Budgeting process
    • Present a financial report at the Annual General Meeting and respond to member queries.
    • The Executive Assistant serves as a resource for the committee.

    Level of Authority

    Limited agent: In consultation with the Executive Board, the committee can take action after the Board has agreed to the advised action. 

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