39. Financial committee

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(1)

The Union’s financial committee shall consist of —

(a)

the honorary financial secretary who shall be its chairman;

(b)

the president of the Union who shall be an ex-officio member; and

(c)

3 other members from amongst whom a secretary shall be elected (who shall not be members of the executive committee) elected from the members of the council.

(2)

The financial committee shall —

(a)

prepare the Union’s budget to be presented to the new council and for the approval of the Council of the Polytechnic; and

(b)

submit to the council a report on the financial affairs of the Union at the end of each term.

Subregulation 1