III. Finance Portfolio

Purpose

The Finance Portfolio is to maintain a running budget of each of the RPIC initiatives and provide updates to the Board.

Objectives

The Finance Portfolio is to:

  • Develop and maintain the overall annual operational budget for the Institute;
  • Develop and maintain budgets for each RPIC initiative;
  • Work closely with the Chairs from each Committee and ensure timely updates; and,
  • Provide updates to the Board outlining any significant changes or concerns.

Roles and responsibilities

The Finance Portfolio strives to fulfill its mandate through the following activities:

  • Develop and manage an annual budget as approved by the Board of Directors complete with each initiative and National Office costs broken down in detail;
  • Ensure that financial targets in the Institute's operating budget are met or exceeded; and,
  • Produce a Financial Report for inclusion in the RPIC Annual Report.

 

 

 

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