serving as our treasurer overseeing investments, businesses, and services
The Vice-President Operations & Finance is responsible for the appropriate use of the Vice-President Operations & Finance discretionary line in the budget for the current fiscal year.
In conjunction with the General Manager they will prepare a Draft Budget for the Corporation no later than the last business day of February. This draft budget shall not be released to any Member until both the Finance and Operations Committee and the Executive Committee has approved the draft budget. After the Draft Budget has been approved by the Finance and Operations Committee, the Vice-President Operations & Finance shall be responsible for preparing and presenting the Corporation’s budget for the upcoming fiscal period to the Board of Directors no later than the second-to-last Board of Directors meeting of the Academic Year.
The Vice-President Operations & Finance ensures that the finances of LUSU are handled according to our Governing Documents and all legislative requirements as an incorporated not-for-profit corporation.
The Vice-President Operations & Finance endorses all cheques and purchase orders as the primary signing authority, along with the General Manager, or one other Executive in order to ensure that our members finances are always protected.
The Vice-President Operations & Finance is required to either sit on, or deliver reports to, the boards and Committees on which they sit. They report to the Board of Directors any financial decisions made on behalf of the Board of Directors by the Executive Committee.
The Vice-President Operations & Finance shall seek approval for all expenditures in excess of two hundred (200) dollars not already allocated for in existing budgets, from the Finance and Operations Committee or the Executive Committee, as appropriate. They are responsible for the duties of the Finance and Operations Committee when the Committee is not in session.