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Chapter Seven - Finance

1. 7.1.    FEDERAL FINANCE COMMITTEE
    
   7.1.1       The Federal Finance Committee comprises:
   
   7.1.1.1    the Federal Finance Chairperson, who chairs meetings;
   
   7.1.1.2    the Leader;
   
   7.1.1.3    the Federal Chairperson;
   
   7.1.1.4    the Chairperson of the Federal Council;
   
   7.1.1.5    the Deputy Chairperson of the Federal Council;
   
   7.1.1.6    the Chief Executive Officer;
   
   7.1.1.7    the National Executive Director;
   
   7.1.1.8    one representative from each of the Provinces; and
   
   7.1.1.9    up to four persons co-opted by them in consultation with the Federal Executive.
    
   7.1.2        The Federal Finance Committee:
   
   7.1.2.1    Reviews the financial affairs of the Party to ensure that they are conducted in a prudent and responsible manner.
   
   7.1.2.2    Prescribes financial procedures to be followed by all formations of the Party.
   
   7.1.2.3    Ensures that all national and provincial and/or regional bodies conduct annual audits and table audited statements within 6 months of the financial year end.
   
   7.1.2.4    Reviews audited statements of all national and provincial and/or regional structures and reports to the Federal Executive on any matters of concern arising from the audited statements.
   
   7.1.2.5    Reviews the annual and medium term income and expenditure budget for the activities of the Party which must be tabled before and approved by the Federal Executive.
   
   7.1.2.6    Reviews on a quarterly basis the income and expenditure statements of the Party at a national level and reports to the Federal Executive any matters of concern and from such reviews.
   
   7.1.2.7    Resolves disputes of a financial nature which may arise between National Head Office, provinces and regions.
   
   7.1.2.8    Deals with any matter referred to it by the Federal Executive.
   
   7.1.2.9    Meets at least once a quarter or more regularly as determined by the Chairperson.
   
   7.1.3    The Chairperson of the Federal Finance Committee must report to every Federal Council meeting and to every Federal Congress.

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