The Budget and Finance Committee is responsible for insuring that complete and accurate financial reports are maintained and issued by the Association and that appropriate accounting practices are used. The Committee presents an annual report of the finances and audit of the association. The Budget and Finance Committee prepares and presents to the Board of Directors a proposed operating budget. The Chairman of the Budget and Finance Committee is the Treasurer of the Association. The Committee is composed of the Elected Officers and up to two (2) other Directors appointed by the Chairman of the Board and approved by the Board.