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Finance/Fundraising Committee:
The Finance Committee is a standing committee of the MCBDMA whose purpose is to oversee, implement, and review activities and initiatives related to the financial condition, operations, and status of the Management Authority to ensure good fiscal health. This Committee also develops and implements a sound Fundraising Plan, including long and short term funding strategies, that supplement the Surtax in order to support mandated MCBDMA programs in accordance with the mission, mandate, and Strategic Plan.  The Committee chairperson is the Treasurer. The Committee may designate Sub-Committees to perform the following functions relative to its purpose:

• Fiscal oversight function, including:
• Review the MCBDMA financial statements quarterly in order to monitor the MCBDMA’s fiscal performance, operations, and overall condition;
• Report quarterly to the MCBDMA Board on current spending relative to Budget;
• Ensure an independent audit of the MCBDMA’s finances will be conducted at least on an annual basis and that such audited annual financial statements are presented to the Board of Directors for acceptance;
• Budget review and development oversight function, including:
• Review and oversee development of annual budget for the MCBDMA, the initial draft and explanation of such budget is performed by the District Administrator;
• Present and take input on a draft of the Budget from the Community during the required Public Meeting in the spring
• Present and explain budget to Board of Directors for approval, challenging Board to think about fiscal alternatives if needed;
• Ensure budget is sound, balanced, and reflects policies as designated in the Strategic Plan. 
• Fundraising function including:
• Oversee the development of a sound Fundraising Plan that includes long and short term funding strategies that supplement the Surtax in order to support mandated MCBDMA programs in accordance with the mission, mandate, and Strategic Plan;
• Fundraising Plan should include fundraising goals and timeline, and show resources being developed from a diversified funding base which includes private, nonprofit, and governmental sources;
• Present the Fundraising Plan to the MCBDMA Board during Budget approval time;
• Ensure fundraising goals and information is shared with the Finance Committee;
• Assist in implementation by helping the District Administrator write grants, liaison with funders, prospect for funding sources, etc. 
• Ensure grants applied for fit with the Plan, are approved by Committee
• Operate following the General Practices of Board Committees.