Mission Statement

The Financial Review Committee consists of three members. The President shall appoint two members of the Lodge (one of whom shall be the Chairman) to serve with the Chaplain on the Financial Review Committee. The following officers shall not serve on the Financial Review Committee: President, Vice President, Administrator, Treasurer, or any Trustee.

The three members of the committee serve for one year. Their task is to fully review each of the financial reports. In this case, the committee does not cease to exist upon the completion of any individual financial review, they simply adjourn to meet at the “call of the chair” when the next review is due. The committee should also ensure that officers are performing their financial duties, such as Trustees initialing bills, the Treasurer receiving duplicate deposit slips and all checks bear two signatures. Additionally, the Financial Review Committee should periodically verify that appropriate tax filings and remittances are occurring in a timely manner and that the Lodge is protected from loss by currently in-force insurance coverage on the Lodge home.

The President shall request and receive, from the officers or members of the Lodge, all stocks, bonds, notes, accounts, records, and documents necessary to enable the Financial Review Committee to conduct a financial review and make a full and correct report. These documents are to be promptly provided to ensure the committee has adequate time to complete their report prior to the lodge’s first monthly membership meeting.

It shall be the duty of the Financial Review Committee to review the membership and financial records of the Lodge, Social Quarters, and all other authorized funds, as indicated in the Financial Review Committee Guidelines book. While performing their duties, the books and records of the Lodge and Social Quarters shall not be removed from the Lodge home. Questions raised by the Financial Review Committee shall be submitted with the financial report to the Chief Compliance Officer.

Whenever, in the opinion of the Board of Officers it is deemed to be necessary, the Financial Review Committee shall make a special review of the books and records of the Administrator. The Administrator shall deliver to the Financial Review Committee the necessary records to prepare the special review. The Chairman then, upon the order of the President, shall call a meeting of the committee for the purpose of the special review.