Committee Responsibilities:

The Finance Committee oversees the financial operations of the Association and makes recommendations to the Board of Directors on funding of Association activities. The Finance Committee also recommends policies and procedures regarding income and expenditures of Association funds.

Goals (2009-2010):

• Review association financial records/reports for compliance with policy and provide feedback, suggest modifications if needed, and make recommendations to the Council or Board as appropriate.
• Consider alternative strategies to increase the Association's return on investment (ROI) on a portion of any annual net profits and present recommendations to the Council, and, in turn, the Board to review and action.
• Review annual budget requests and special requests, suggest modifications if needed, and make recommendations to the Council and Board as appropriate.
• Periodically review accounting and audit practices and recommend changes if needed.
• Support proposals to finance projects that enable the Association to carry out its strategic goals, such as those fostering collaboration and education among external constituencies both nationally and internationally.
• Support proposals to finance member surveys and activities to increase the involvement of diverse groups.
• As member terms expire, seek new committee members who represent diverse groups.
  

Objectives:

The Finance Committee reviews the annual budget for compliance with policies, suggests modifications to submitters, and makes recommendations to the Board of Directors as needed.

2009 Fall Meeting Minutes