The VP Finance attends and contributes to all MISC meetings and is allotted one vote. The VP Finance is primarily responsible for managing MISC’s finances, processing expenses and reimbursements, and producing reports of MISC’s expenses to present at MISC’s monthly General Council meetings. Over the summer, the VP Finance and President, in consultation with the Executive Committee, Standing Committees, and Working Groups, prepare the annual budget for the upcoming fiscal year to be approved no later than the October General Council meeting. At the last General Council meeting of Council’s term, the VP Finance and President are responsible for preparing a report detailing MISC’s expenses for the year.
The VP Finance is also responsible for applying for MISC’s annual head grant funding from the UTGSU each fall, keeping a detailed, accurage ledger of MISC’s finances, preparing and submitting MISC’s annual student society audit to the Office of the Vice-Provost, Students in accordance with the Policy for Compulsory Non-Academic Incidental Fees, and responding to financial inquiries and requests as needed.
The VP Finance, along with the President and all other Vice President positions, is also a member of the MISC Executive. The Executive is responsible for the day-to-day operations of MISC, and are responsible for high-level decisions about MISC’s strategy and goals for each academic year.