The Committee acts as a resource for the Treasurer and help in the investigation of investment possibilities for FAWCO. It may recommend transactions involving FAWCO funds, but may not take action itself.
The Committee receives from the Treasurer at least one financial update on the current two-year budget at least four weeks prior to the Interim Conference and prior to the Biennial Conference. The Committee reviews and present possible revisions to the budget during the Interim Conference and present a proposed two-year budget at the Biennial Conference.
The Committee presents a proposed budget, based on the results of the past fiscal terms, the recommendations of the Treasurer and the President, and whatever can be predicted about future income and expenses, to the Council
A copy of the final budget, as accepted by the Council, is distributed at the Biennial Conference for inclusion in the Biennial Conference Manual.
Candidates for President and Treasurer are invited to attend budget preparatory meetings.