3. The Committee shall be appointed by the Board and shall consist of at least three
members of the Board, one of whom shall be the Treasurer of the University of Toronto
Alumni Association (the “UTAA”), and one of whom shall be the President of the
UTAA. The Treasurer shall be the Chair of the Committee.
5. The Committee shall assist the Treasurer in the discharge of their duties as set out in section 29 of the By-Law, and as set out below:
a) assist the Treasurer in developing, maintaining and recommending to the Board the UTAA annual operating budget, and any proposed revisions thereto, as directed by the Board;
b) develop, maintain and implement Funding Guidelines for the purpose of reviewing funding requests submitted to the UTAA. The Board shall approve the Funding Guidelines and any amendments thereto; and
c) meet periodically to develop recommendations regarding funding matters and report its recommendations to the Board in a timely manner. Specifically, the Committee shall:
• ensure that all material funding requests and material budget related matters are submitted for inclusion on the Board agenda for timely discussion and resolution by the Board; and
• review and dispose of non-material funding requests and non-material budget-related matters proactively, provided, however, that the Board is informed of all such requests and matters as soon as practicable.