About RECA > Committees > Council Committees > Finance Committee

Finance Committee

Terms of Reference

Type:
Standing Committee

Membership:
Vice chair, past chair and one member of the Real Estate Council of Alberta appointed by the chair (ratified by council); vice chair will be the chair of this committee
 
Quorum:
Four committee members, three of whom must be council members

Ex Officio Members:
Ex-officio members of the committee are the RECA Chair and Executive Director

Resources:
RECA Resources: Director of Corporate Services

Mandate:
The mandate of this committee is to review, provide advice, and make recommendations to council with respect to the following matters:

• The financial, accounting and investment policies of the Real Estate Council of Alberta
• The annual budget prepared by administration
• The real estate assurance fund and use of surplus funds for purposes mandated by the Real Estate Act
• Employment policies and guidelines for council, its employees and agents

Term:
November 1st – October 31st; appointment of Council members to this Committee will be made by the Chair of Council