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The Finance Committee reviews the financial status and monitors expenditures of the Council, periodically reporting its findings to the Council. Furthermore, this committee shall periodically review the Council’s fiscal rules and regulations and procurement policy affecting the conduct of the Council’s financial operations, and make recommendations to the Council accordingly. The Finance Committee is also responsible for contracting for an annual audit of the Council’s financial status.
Additionally, this committee provides feedback to the Program Planning and Evaluation Committee regarding the assessment of current contractual obligations and applications for continued funding.