Audit and Finance Committee

The Audit and Finance Committee assists the Executive Board in fulfilling its fiduciary responsibilities as an incorporation under the PSLA, as a deemed trade union under the Alberta Labour Relations Code, and as an employer.

The Audit and Finance Committee is tasked with cyclical review of all Association financial records and related considerations and is to submit recommendations to the Executive Board for all decisions, except with respect to article 8.6 of the Association’s Bylaws. The Audit and Finance Committee is empowered, under article 8.6, to determine allocations to be provided for project-based work without requiring authorization from the Executive Board.

Committee Links:

• Audit and Finance Committee Charter
• Committee Contacts
• MRFA Bylaws and Policies and Procedures
• Association Funding Allocated by the AFC:
  • Tuition Refunds
  • Contract Service Honorariums
  • Scholarships for Dependents
• Association Financial Statements:
  • 2021-2022 Financial Statements