Executive Committee Liaison: Tom McLane

Chair: Tom McLane

Members: Ed Landau (E), Rachelle Wolf (W), Bob Shenk (C), and Michael Lane (D).

Purpose:

The Financial Planning Committee is responsible for developing strategies for insuring the financial stability of the Chapter and its Sections.

Tasks:

The Financial Planning Committee has been charged by the Chapter Executive Committee to perform the following tasks:

Short Term:

• Determine alternative means of obtaining revenue.

Long Term:

• Analyze the fiscal effect of decisions made at the Annual Chapter Retreat, by the Executive Committee and by any actions proposed by the other committees of the Chapter.

• Oversee fundraising within the Chapter.

• Oversee the restricted funds of the Chapter.

• Make recommendations to the Chapter Executive Committee regarding the formatting of the Chapter budget and financial reports.

• Monitor Chapter dues and determine when and if increases are warranted.

• Make recommendations on investment of Chapter funds.

• Develop a policy on retention of funds by each Section.

• Monitor Chapter tax returns.

• Determine what entity should prepare tax returns and what consequences are when Sections do not supply tax information to the Chapter on a timely basis.

• Review commercial sponsor program.

• Develop a 5-year financial plan to be updated every year.
  

Committee Representation:

The Chapter Treasurer and the four Section Treasurer.