Annual Budget Approval Policy

Purpose:

• To establish policy surrounding the approval of an annual budget by the Board of Directors

Policy:

1. Administration, in consultation with the Board of Directors, and considering the strategic plan approved by the Board of Directors, shall prepare a proposed budget for the operations of the association no later than September 15 of each calendar year.

2. The Board of Directors shall, by motion, approve a budget for the upcoming year no later than September 30 of each calendar year.

3. Once approved, the budget will be circulated by e-mail to the last known email address of each member of the association by administration.

Original Date of Policy Adoption: September 13, 2023

Date of Last Policy Revision:

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