1. FINANCE COMMITTEE

31.1 Charged with the responsibility of making recommendations to the Executive Council on long-term (greater than one fiscal year) financial decisions. The Executive Council is responsible for the long-term financial viability of the ASA.

31.2 Reporting through the Administrative Council on Financial Affairs, the purpose of the Finance Committee is to develop a strategy for making long-term financial decisions that are aligned with the strategic direction of the Society, develop a multi-year budgeting methodology that forecasts future financial needs, track and review progress toward achieving budgetary goals, adapt the budgeting strategy based on trends and emerging needs, suggest spending strategies for the ASA’s reserves, and identify needs for new sources of revenue.

31.3 The Finance Committee shall have seven members, including the Chair, who will serve three-year terms. The Committee will convene as needed, but at least twice a year, during the spring and fall ASA meetings. The Treasurer and the Chairs of the Investments Committee and the Acoustical Society Foundation Board are ex-officio members of the committee. ASA Headquarters and accountants will be a resource for the Committee.

Pin It on Pinterest

Share This