The Finance Committee is a standing committee. The purpose of the Finance Committee shall be to review the financial statements and to research financial issues faced by SDPA for the benefit of Board decision-making on finance. The Committee shall oversee compliance with Board policies and procedures related to finances. The Finance Committee shall prepare the yearly SDPA budget for discussion and approval by the Board. The Finance Committee shall consist of at least four members including Treasurer, President, President-Elect and one additional Board Member-at-Large. The Treasurer shall serve as chair and shall propose the additional Board Member-at-Large for Board approval. The terms for the chair and members of this Committee shall be one year.