Pharmacists' 
Association of   Newfoundland
Labrador

 

Partners in Advocacy
 CPhA

School of Pharmacy

CSHP-NL

Provincial
Pharmacy Board
( Regulatory )
NLPB

To all Pharmacists: 
If the media is calling you directly for comment on a specific issue or you are aware of a health care issue in the media that your Association should be made aware of, report them to our Media Response Team.

Contact Information
Email: mediaresponse@panl.net

Tel: (709) 753-7881
   or (866) 753-7881
Fax: (709) 753-8882

 

Finance Committee

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Terms of Reference

  1. The Finance Committee of the Association shall be comprised of the:

    1. President

    2. President-Elect

    3. Executive Member

    4. Past President (ex-officio)

    5. Executive Director (ex-officio); and

    6. Two Regular, non-elected members of the Association.

     

  2. A quorum shall consist of four voting members with a minimum of two of these being Executive Committee members.

 

  1. This Committee shall be responsible for overseeing the financial affairs of the Association.

 

  1. The responsibilities of this Committee shall specifically include the monitoring and providing of regular reports to Council with respect to the Association’s:

    1. Financial position and performance relative to its budget;

    2. Financial policies;

    3. Investment and cash management;

    4. Insurance coverage; and

    5. Major purchases and rental contracts.

     

  2. This Committee shall, at Council’s direction:

    1. Initiate the annual audit process for the Association in mid-March for completion in early April of each calendar year;

    2. Review the Association’s fee schedule and prepare recommendations to Council in respect thereof; and

    3. Submit to Council for approval in January of each year the Association's proposed budget for that calendar year.

     

  3. The two (2) Regular, non-elected members of this Committee shall be appointed by Council.

 

  1. The two (2) Regular, non-elected appointments to this Committee shall be for two (2) year terms.  Persons who are appointed to serve on this Committee remain qualified for re-appointment thereto for subsequent terms.  Council may, upon failure of the appointed member to attend three consecutive meetings of the Committee without having reasonable cause, appoint a replacement member to serve the remainder of the two-year term.

 

  1. Meetings of this Committee shall be called at such times as designated by its Chair; however, such meetings will normally be held during the week preceding meetings of the Council.

 

  1. This Committee shall be required to keep minutes of its meetings, which minutes must be submitted to Council within seven (7) days preceding the date of the next Council meeting or within seven (7) days after the last Finance Committee meeting, whichever comes first.

 

  1. This Committee shall report to each Annual Meeting of the Association.

Approved by Council (05SEP29)

Committee Members

Phil O'Keefe, Chair

Ted Dawe

Rod Forsey

Rick Elliott

Trent White

Mike Welsh