Introduction

This Charter governs the operation of the Finance sub-committee of the Brisbane North Junior Cricket Association (BNJCA).  This Charter should be read in conjunction with the BNJCA Constitution.  To the extent that this Charter does not expressly provide, the provisions of the constitution will apply to this sub-committee.

Objectives

The purpose of the Finance Sub-Committee is to manage:

  • Budgets
  • Cash flow and accounting
  • Fees review
  • Audit

Budgets

The finance committee is responsible for setting budgets and working with other committees to manage the adherence to the budgets in place.

Cash Flow and Accounting

The finance committee will manage and report on cash flow and accounting practices to the standards required by law for a not-for-profit organization and the management committee.

Fees Review

The committee will review the fees charged by BNJCA.  The review process each year will consider the revenue requirements of the association, affordability and equity for all players across the association.

Report to the Management Committee by the June Management Meeting each year with a recommendation of fees for the coming season.

Audit

Each year the accounts will be prepared and submitted for audit to a financial audit firm approved at the annual general meeting.

Review

The Management Committee will be the arbiter for interpretation and/or clarification of this sub-committee Charter.

Omissions or errors should be brought to the attention of the Management Committee.

This policy is subject to regular review by the Management Committee and will be amended (as appropriate).  Acceptance of a new release of the charter will be supported by a motion from a Management Committee meeting.

Inconsistency with the Association’s Constitution

To the extent there is any inconsistency between this charter and the BNJCA Constitution, the Constitution will prevail.

Lifespan

This is a standing committee, the membership of which is reviewed after each annual general meeting of the association.

Currency

This charter is current from the published date at the beginning of this document.

This charter remains current until superseded by another Finance Sub-Committee Charter with a later date of currency.