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Finance Committee
(Established July 1961)
The Society's Bylaws specify:
ARTICLE V. Section 2. Finance Committee
A Finance Committee...shall receive the total coordinated budget
proposals annually from the Executive Director and shall determine the
annual budgets, reserve funds, and investments of the Society, subject
to approval by the Council....
This Committee is composed of five regular members of the Society, and a
young faculty level member, who may not serve more than two consecutive
terms, and the Immediate Past President who serves as a voting member. The
chairperson is an ex officio member of Council, without vote. The
President-Elect, President, Executive Director, Director of Finance, and the
Publications Committee chairperson are ex officio members of the Committee,
without vote.
Duties of the Finance Committee are to:
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Recommend at the fall meeting of Council an annual
budget for the succeeding year (January 1 to December 31) based on a
proposed budget submitted by the Executive Director and the Director of
Finance.
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Receive from the Executive Director, in advance of the
spring meeting, budget revisions for the current year.
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Review annual official audit from the preceding year
prior to the spring meeting. The audit is generally available in
February or March.
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Review annually salary pool for staff members of the
Society with recommendations of appropriate salary adjustments for
approval by Council at the fall meeting.
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Advise and assist the Executive Director and Director of
Finance on negotiations of contracts and grants.
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Review annual coordinated fiscal reports made by the
Executive Director and other agencies of Council and indicate to Council
all financial matters that should be brought to the attention of the
membership.
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Submit summary of annual financial report for
publication in The Physiologist.
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Recommend to Council a mechanism to encourage planned
giving to the Society.
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Determine appropriate placement of all cash and
investments (e.g., investment consultants, fund managers, banks, etc.),
subject to approval by Council.
Fiscal Year
The official fiscal year is
from January 1 through December 31. Membership dues are from
January 1 to
December 31.
- Current Members
- 2009 Committee Report
2008 Committee Report
- 2007 Committee Report
- 2006 Committee Report
- 2005
Committee Report
- 2004 Committee Report
- 2003 Committee Report
- 2002 Committee Report
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