The day-to-day financial management of Radical Routes is in the hands of the Finance Group. The group is empowered to make day-to-day decisions on its own, such as decisions on when to release loans that have already been approved by the gathering, or decisions on investment to obtain best return. However, wherever possible, any financial decisions that are wider in scope and/or controversial should be brought before the wider membership of Radical Routes in the form of a proposal at a gathering. It should be noted that the boundaries of the Finance Group decision-making powers are not clearly defined, but in any cases of doubt the matter should be brought to the gathering.
The group is composed of individuals who are members of Radical Routes co-ops. Those who commit to at least a 12 month period of attending all meetings and contributing to the work of the group are considered core members. The group will typically have a membership of between 6 and 10 individuals.
The Finance Worker is a RR member co-op that has agreed to perform the day to day financial administration work for Radical Routes in return for a fee. One or more named individuals in this co-op will perform the work, but the Finance Worker is the co-op, not the individual or individuals.
The Finance Work contract is awarded through a tendering process with the decision being made by Radical Routes as a whole. The scope of the work is defined in the contract agreed through the tendering process between the Finance Worker and RR. A current signed copy of this contract should be held by the Treasurer.
The Finance Work contract need not be opened up for re-tendering each year. However, if major changes in the scope of the work are proposed, then re-tendering should occur. As good practice, the contract should be opened up for re-tendering at least every three years.
The Finance Worker role has these general responsibilities:
The Treasurer is an elected officer of Radical Routes who has responsibility for ensuring that Radical Routes meets its legal requirements in terms of financial matters.