finance 2014 ratification report

FINANCE AND LEGAL 2014

Karan KhajuriaVICE PRESIDENT

FINANCE and Legal

MISSION

Financially Stable AIESEC INDORE

GOALS

Closing account balance: Rs 2,00,000

Fixed Deposit: Rs 1,50,000

Financial Transparency

All the legal documents and contracts to be in place

OS

VICE PRESIDENT

MEMBER(FINANCE AND

RECORDS)

MEMBER(CONTRACTS AND LEGAL)

ROLES & RESPONSIBILITIES

To track and measure financial flows and provide information to the LC.

Financial management and legalization.

Adherence to the proposed budget and Financial policies.

Transparent accounting and auditing.

To be accountable two way – to the MC and LC.

Ensure that financial resources locally (especially funds) are being used in the most effective way to allow the organization to grow its results

Providing financial perspective to planning process and planning.

PROMISES

Effective utilization of financial resources.

Increase the LC’s long term financial sustainability

Ensure that all the legal obligations of the LC are met.

DUTIES

Accounting

Auditing

Bank management

Reports and surveys

Coordination with the MC regarding reconciliation , legalization and audits.

Budgeting

Operations

Coordination with other departments regarding finances and legal issues.

Coordination with FTF and implementation of strategies designed.

INNOVATIONS

Daily trackers for Exchange departments

Introduction of a Legal Manager

Pre planned Repayment Model for Recon

THIS IS THE MOST IMPORTANT SUPPORT

SYSTEM OF THE LOCAL COMMITTEE

THANK YOU