by: Trudy Jacoby, Chair (Ex-Treasurer)
Phone: 609-258-5853 / Fax: 609-258-0103
Jacoby (outgoing chair)
Allen Townsend, Jeanne Brown, Daniel Starr, Carol
Board Liaison: Phil Heagy
Chair: Phil Heagy (ex-Treasurer)
Allen Townsend, Jeanne Brown, Margaret Webster, Carol
Board Liaison: Lynda White
Activities, membership, plans, etc.
The major project for this year was the completion of
the rewriting of Policy Manual Section J (Finances).
A Committee-approved draft of the Policy Manual was sent to ARLIS/NA
Executive Board members. A number of tax and
audit matters were clarified with our accounting firm. Phil Heagy wrote the new Treasurer Training Manual.
The structure of the Restricted/Designated funds was reviewed.
methods for overseeing the Society’s investments which include: determine a
methodology by which information concerning endowment management is gathered
from other similar organizations, establish guidelines for reviewing the
statements, and maintain a chart providing an overview of income and fees. (IV
Write guidelines for the use, establishment, and distribution of short-term and
long-term funds. (IV B)
completed rewriting of Policy Manual
Section J relates to item 2 of the strategic plan.
view of current rewrites and the stable financial situation, the item itself
needs revision for the new strategic plan.