Part 1 – GOVERNANCE

 

SECTION: Financial Administration

 

POL 1-023

Financial planning

 

Effective date: July 1, 2009

Approval date: May 3, 2009

Last revised: May 3, 2009

Cancelled date:

Reference:  Bylaw III, IV Sec.5(C), VII Sec.5(4)

Cross reference:

 

POLICY

 

ARMA International will develop a financial plan that supports its annual operating plan.

 

 

GUIDING PRINCIPLES

 

1.    ARMA International adheres to a balanced budget whereby projected expenses for the ensuing fiscal year do not exceed projected revenues.

 

2.     The budget is a financial and management tool that ensures that projects, programs, and services are planned in advance and that ARMA properly manages its financial resources. 

 

3.      The Treasurer of ARMA International is responsible for advising the Board of Directors regarding the budget, dues structure and other financial matters affecting the membership.

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Questions about previous Policies & Procedures? Contact Connie Hardy, Corporate Secretary.