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Approved by the Board of Directors October 25, 2013
The Board of NPMA shall approve an annual operating budget for each fiscal year that will project income and expenses and will provide for programs and support services as outlined in the work plan for the year. The Board will approve the annual budget prior to the start of the fiscal year.
The Board authorizes the Executive Vice President to manage the organization in accordance with the approved annual operating budget. Programmatic or operational changes that may have a significant impact on the annual budget shall be reviewed by the Board between budget cycles and may lead to a budget revision.
To support an effective budgeting process for NPMA, the NPMA Executive Committee, Board of Directors, and staff will adhere to the following annual schedule in meeting their responsibilities:
Meetings may occur by means of conference call or in-person.