2012 HRCA Budget Meeting Calendar

The HRCA staff prepares monthly detailed financial statements, which are reviewed and approved by the HRCA Finance Committee. The following month, the HRCA Board of Directors reviews and approves the Finance Committee minutes and the summary financial statements. The minutes and summary financials are part of the monthly Delegate Board Packet.

An annual budget is prepared by staff and reviewed by the Finance Committee in a series of budget meetings. The proposed annual budget is reviewed and recommended in a joint meeting of the Finance Committee and the Board of Directors. The proposed budget is then presented to the delegates in a formal presentation during the October RAC meeting. At this time, delegates and community members are welcome to ask questions and gain a clear understanding of the proposed budget for the following calendar year. After any changes, a proposed budget is then recommended to the Board of Directors for approval at the November meeting.

At the end of each fiscal year, HRCA engages an independent accounting firm to perform an audit of the HRCA financial records and statements. This audit is performed in accordance with generally accepted auditing standards, in order to provide an opinion on the financial position of the HRCA at the end of each year.