—(1) The Union’s Finance Committee shall consist of —
the Financial Secretary who shall be its chairman;
3 other members (who shall not be members of the Executive Committee) elected from among the members of the Council; and
an ex-officio member nominated by the Principal.
(2) The Finance Committee shall elect a secretary from among its own members.
(3) The Finance Committee shall —
prepare the Union’s budget to be presented to the new Council and for the approval of the Board;
submit to the Council a report on the financial affairs of the Union at the end of each term; and
undertake any project of the Union that may be assigned to it by the Executive Committee or Council.