Finance Vice Presidents

Part of ExComm

Official Duties

The Finance VPs' official duties are the following:

1. To serve as chairperson of the finance committee.
2. To receive and deposit all general chapter funds in a timely manner and to keep an accurate record thereof.
3. To make, under proper chapter budget approval, payments from chapter accounts by check.(Checks must be counter-signed by either the co-Finance Vice President or another active member and a receipt for all services/materials purchases must be obtained.)
4. To be diligent in the collection of membership dues (defined as all dues related to the chapter).
5. To keep an accurate written record of payments and receipts of all moneys (in the form of a written journal or ledger) and to supply a written receipt when asked.
6. To see that all National fees are transmitted within ten days of collection to the National Office by the membership vice president.
7. To see that the chapter budget is prepared and approved by the third chapter meeting of the year.
8. To audit the financial books of the chapter before turning them over to a new finance vice president and to prepare tax forms under the guidance of the advisory committee during the spring term.
9. To submit a financial report showing the chapter's financial condition monthly at a chapter meeting.
10. To be in charge of the planning and implementation of fund-raisers to replenish the chapter funds.
11. To appoint a fund-raising chairperson.
12. To perform other duties as directed by the chapter president.

In Practice

The finance vice presidents are in charge of all types of money transactions within the fraternity. They collect fees for events such as pledge retreat, winter retreat, and banquet. They also coordinate with the SVPs to create fundraising events.

Changes

• During Chandler(F2k10) term, Finance VPs Dennis Wong and Haley Zhao added a new slide during the general meeting called Expenditures.

The expenditure slide shows the amount of money being deposited and withdrew.

• During Chandler(F2k10) term, Finance VPs Dennis Wong and Haley Zhao created a P-5 Texas Hold'em Tournament. The tournament is a fundraiser, outer and inner IC - event. To help with the P-5 Tournament, SVPs created Pokercomm. to help set-up, plan and execute the tournament held at the ARC Ballroom.

List of Iota Phi Finance Vice Presidents

• Fall 2010, (Chandler): Haley Zhao and Dennis Wong
• Spring 2010, (Luong): William Leung and Tiffany Huang
• Fall 2009, (McKenzie): Alexander Nguyen and Derek Ng
• Spring 2009, (Jaromay): Becky Le and Selby Tran
• Fall 2008, (Krenek): Alexander Kwong and Alice Hsu
• Spring 2008, (Lipton): Ashley Chen and Ying Li

Prior to 08 March 2008, Finance Vice Presidents were known as Treasurers.

Past Treasurers:

• Fall 2007, (Jadel): Angela J Cheng and Tim Chen
• Spring 2007, (Mayen): Kimball Vuu and Christina Doan
• Fall 2006, (Westlake): Michelle Fong and Jessica Chau
• Spring 2006, (Fong-Quan): Will Oh and Michelle Fong
• Fall 2005, (Schroeder): Joseph Milligan and Kiandra Kang
• Spring 2005, (Tran): Angela C Cheng and Becca Yee
• Fall 2004, (West): Nancy Wong and Stephanie Lee
• Spring 2004, (Toy): Alice Cheng and Marissa Kubo
• Fall 2003, (Hancock): Michelle Shen and Michelle Wong
• Spring 2003, (Fu): Michelle Shen and Michelle Wong
• Fall 2002, (Dacy): Sareen Leong
• Spring 2002, (Hsiung): Kevin Quan
• Fall 2001, (Hilliard): Clarissa Jirasritumrong
• Spring 2001, (Tom): Anthony Zung and Clarissa Jirasritumrong
• Fall 2000, (Barkhurst): Larry Lee Liz Wong
• Spring 2000, (Huang): Kalen Fu and Linda Yun
• Fall 1999, (Carpenter): Minh Tran
• Spring 1999, (Wan): Milly Shiu
• Fall 1998, (Kuchta): Ellen Coatney
• Spring 1996, (Alfred Sheets): Steve Lee
• Fall 1995, (Prince): Steve Lee and Tony Wan
• Spring 1995, (Tchoi): Clifford Alumno and Janice Wong