Finance Committee

Chair:

Kevin Jahnke
University of Wisconsin - Milwaukee  
[email protected]         

 

Charge & Purpose:

  • The Finance Committee is established according to the Bylaws. The Finance Committee shall:
  • Prepare a budget for each fiscal year.
  • The fiscal year shall run from July first through the succeeding June thirtieth.
  • Submit the budget to the Board of Directors for approval.
  • The Finance Committee may from time to time submit supplements to the budget for the current fiscal year.

Composition:

As outlined in the ETC Bylaws, Article IX, Section 2, the Finance Committee voting members shall be composed of:

  • Treasurer (Chair)
  • One Director
  • Three (3) members of the general membership

Terms:

Those appointed to the Finance Committee will serve for the duration of their Board term, or two-year staggered terms for those not on the Board. Terms shall start at the beginning of the fiscal year for which members are first appointed. The Board may fill vacancies within a term and may change the term of any individual who is unable to fulfill the activities of the committee.

Time Commitment:

The expected time commitment is 2 hours a month on average, or 20 hours per year on average. The committee meets no less than once per quarter, or more frequently to meet deliverables and milestones or as needed for special fiscal business. Meetings are held virtually, and some activities may be asynchronous. Members may have occasional follow-up assignments outside of meetings (for example, reviewing & editing a budget draft).

Activities and Deliverables:

  • Provide regular written finance and spending updates to the Board.
  • Review monthly financial reports provided by the Executive Office / Treasurer.
  • Assist the Treasurer and Executive Director in preparing the annual budget for approval by the Board.
  • Budgets shall be submitted to the Board for approval by or before April 30 of the fiscal year before the budget would take effect.
  • Provide input as needed on rates for member dues, conference registrations, expenditures, etc.
  • Offer guidance on periodic revisions to expenditure guidelines, fiscal policies, and investment accounts.

 

Interested in participating in the Finance Committee? Contact the Executive Office for details.