1. Composition
a) The treasurer shall chair the committee.
b) Membership shall consist of 4 additional members appointed by the Board of Directors, giving consideration to diversity in geographic location, workplace position, and minority status

2. Term of Office
a) The chairperson shall serve for two years.
b) Committee members shall serve for two years, or until a successor is appointed.

3. Responsibilities
a) Advise the Board of Directors on financial policies of LSNA.
b) Submit a proposed budget for the association to the Board, considering budgetary needs submitted by committees and councils as outlined in these bylaws and including the Officers and Executive Director.
c) Advise the Board and membership on the financial status of LSNA.

4. Meetings and Quorum
a) Meetings shall be held at least quarterly.
b) A majority of committee members shall constitute a quorum.