What occurs at the last meeting of the fiscal year?

The last meeting of the fiscal year typically focuses on electing officers of the board for the upcoming year. This is an important administrative function as it ensures that the leadership is in place to guide the organization based on the strategic goals and objectives. Electing officers during this meeting allows for a fresh start with new leadership, which can bring new perspectives and energy into the board's activities and priorities as they move forward into the next fiscal year.

While other activities, such as reviewing fiscal performance, approving new regulations, and addressing member fitness, are important functions of a board, the election of officers stands out as a distinct action that occurs specifically at the end of the fiscal year as part of the board's governance process.