Finance Committee

Deputy Chair: Deborah Pedersen
deborahgpedersen@yahoo.com

Members with finance-related questions or comments are urged to contact Treasurer Martin Ivers or Deputy Chair Deb Pedersen at treasurer@jeffcodemocrats.com to arrange a time to meet.  Informing the committee in advance of the information desired will facilitate an efficient meeting.

The committee urges persons with a background in finance, accounting, or business, nonprofit, or local party management to contact the Treasurer if interested in the opportunity to be appointed chair.

The committee also seeks members and volunteers with experience in handling cash and other payments, to assist at meetings and fundraising events.

Most of the committee’s meetings are work sessions: processing transactions, preparing PDC reports and board reports.  Meetings last from two to six hours, depending on the amount of work to be done.

Responsibilities, per bylaws:

The Finance Committee, comprised of the Treasurer and other JCD members appointed by the Chair, shall review monthly financial statements and shall advise the Executive Board with regard to budget compliance and the financial position of the JCD.

As the need arises, the Finance Committee may recommend and the Executive Board may approve reallocation of income and expenditures within the budget in order to maintain budget compliance. Unanticipated expenditures which exceed the overall budget by $1,000 or more shall be approved by the Executive Board and by a majority vote of the members present and voting at a meeting of the JCD prior to disbursement. Unanticipated expenditures that are accompanied by an equal amount of unbudgeted revenue may be recommended by the Finance Committee and approved by the Board without the requirement of approval by the membership.