The Finance Committee shall be responsible for oversight of HAZARDOUS MATERIALS SOCIETY’S financial assets and resources. Its duties shall include: i. Long‐range financial planning; ii. Developing budgets in consultation with the Executive Director; iii. Ensuring that reports of receipts, disbursements, assets, and liabilities are prepared, at least on a semi‐annual basis, and made available to the Board of Directors, and other interested parties on a need‐to‐know basis; and iv. Ensuring that an annual financial audit is conducted by a Certified Public Accountant in accordance with approved professional practices. v. Other duties as assigned by the Board. d. The Finance Committee shall follow the latest approved policies and procedures.