Vice President of Finance

• Be responsible for ensuring that all financial procedures are followed.

• Be responsible for managing all Student Association assets.

• Financial Procedure:

  • Prepare and propose the Pre-AGM budget and an annual operating budget for approval to the Representative Assembly.

  • Instruct all TWUSA Council members in spending and reimbursement policies of the Student Association as these policies apply to them.

  • Count all funds collected from various events and make corresponding deposits.

  • Keep financial records up-to-date (i.e. banking and proposal computer files).

  • Prepare and make deposits with the to ensure accountability of funds.

  • Monitor all expenditures of the Student Association and ensure that all expenditures are in compliance with University regulations and Student Association financial policy.

  • Ensure fiscal responsibility with clubs and attend the first Council of Club Presidents meeting of each semester.

  • Establish a relationship with the Student Media Representatives and ensure members integrally administer their budgets and actively fulfill the mandate agreed upon in their contracts.

  • Notify the Executive of any apparent irregularities or variances from budgetary procedures and financial policies.

  • Keep an orderly account of all receipts and expenditures of the Student Association.

  • Present a financial statement to the TWUSA Council monthly.

  • Maintain and update the Financial Procedure Manual.

• Explore and develop opportunities for revenue generation.

• Receive a performance report and an annual portfolio valuation report from the University’s Management Investment Committee.

• Maintain a strong relationship with the University’s Vice President of Finance through monthly meetings.

• Maintain a strong relationship with the University employee responsible for the accounting of the Student Association.

• Represent students and the TWUSA Council on the Student Media Board, which oversees all student publications.

• Serve as Chair of the TWUSA Finance Committee.

• In the Spring semester of the current term of office, undertake the training of the Vice President for Finance-elect who shall, upon election, serve as an assistant to the Vice President for Finance until the completion of the academic year.

• The VP of Finance is required to have completed and passed BUSI 176, BUSI 121 and BUSI 222 before the start of their term.

• The VP of Finance cannot be a member of the Student Managed Investment Fund (SMIF) during the term which they serve on TWUSA.

The Leadership Grant for the Vice President of Finance is $5300

• All Executive Officers must have a minimum career GPA of 2.50 not including the incomplete current semester, or a minimum term GPA in the previous two (2) semesters of 2.75, not including the incomplete current semester.

• All Executive Officers must have completed fifty-seven (57) credit hours prior to September 1 of their term in office. An exception may be made if the student had previously served one complete year as a Council Member. It is also recommended – but not mandatory - that Faculty Representatives have completed fifty-seven (57) credit hours.

• All candidates and those appointed must be members of the Student Association as outlined in Article II.A. of the Constitution.

• No TWUSA Council members may hold another official student leadership role, including a role on TWUSA Senate, subject to appeal to the TWUSA Senate.

• Must have passed BUSI 121, BUSI 222, BUSI 176 before start of term. Unless excused by Transfer Credits or by Senate Appeal.

See the Election Process in detail in the TWUSA Policy Manual