Specific Responsibilities

• Develop (with Treasurer ad the Executive Director) a proposed annual budget based on the Academy’s Strategic Plan for subsequent year to submit to the Board of Directors for approval at the October Board meeting
• Establish goals and strategies of the investment of the Academy’s reserve funds for consideration by the Board of Directors
• Oversee the procedures of the Treasurer and administrative staff
• Monitor monthly investments with the investment managers
• Maintain communication with external independent auditors
• Develop a report to the Board of Directors as requested

Qualifications (Minimum)

• Active Member

Composition

The committee shall consist of five (5) members including the Vice President (who shall serve as Chair), the President-Elect, Treasurer and two other fellows, Active Members or Life members who are not members of the Board of Directors. All committee appointments are approved at the June Board of Directors Meeting.

Term

• One-year