The Finance Committee shall: a. Prepare an annual budget for the BOT; b. Recommend to the BOT the amount of fees to be paid to the Academy by applicants for certificates of special knowledge in any field of environmental engineering, and the annual renewal fees to be paid by Diplomates; c. Have general supervision over the financial affairs of the Academy; and d. Annually report to the BOT on the financial status and activities of the Academy, including recommendations for the adoption or revision of any investment policies.