How does RAC decide what will be included in the annual budget?
A. – Preparation of the annual budget is the responsibility of the Treasurer and the Administration and Finance Committee. They are aided by the RAC General Manager, who provides information on past expenses and expense projections. Any Director or Officer may propose items for inclusion in the draft budget. The final budget is approved by majority vote of the Board of Directors. A draft budget for the following year is also prepared and submitted by the Treasurer. This draft budget is subject to fine-tuning throughout the year, resulting in its approval vote a year later.
