A Finance Committee is established as a Standing Committee of the First 5
El Dorado.  The charge of the Committee includes the following:

1. Establish an annual Budget Plan coordinated with the goals of the Commission
   
   
2. Report to the Commission funds collected and expended quarterly.
   
   
3. Monitor expenses incurred by the Commission and staff and assure that expenses and allowable costs are accurate.
   
   
4. Monitor and provide recommendations to the Commission regarding Sustainability Fund and support long term investments to assure continuation of the Prop 10 programs.
   
   
5. Provide recommendations to the Commission regarding additional funding opportunities from the State Commission or other sources.
   
   
6. Review annual audit prior to submission to Commission.
   
   
7. Identify accounting procedures, review and update annually.
   
   
8. Develop Operational Guidelines Manual.
   
   
9. Review personnel policies and procedures annually, update job descriptions and make recommendations for salary enhancements.
   
   
10. Establish evaluation schedule and format for all personnel.
    
    
11. Establish hiring policies and procedures.