Charge:
Assist the Executive Committee in monitoring and improving all aspects of the Association’s finances. Specifically:

1. Monitor Association’s cash flows and related measures.
2. Review the previous committees’ reports and other important background material.
3. Evaluate additional or alternative ways to finance existing Association activities.
4. Plan financial strategies for Association initiatives and activities.
5. Work with the 2002–2003 President-elect in preparing the 2002–2003 budget.
6. Monitor the investment of AAA funds in accordance with established Executive Committee policies and procedures.
7. Oversee the budgeting system for the Association, including appropriate costing of products and services. (Issues regarding publications should be coordinated with the Publications Committee.)
8. Review, as needed, Association costs (such as employee benefits), and recommend changes, as appropriate.
9. Undertake special initiatives concerning the financial goals and strategies of the Association as directed by the President or Executive Committee.
10. Compare AAA operating ratios and sources of revenues to those of comparable associations reported in the most recent ASAE Operating Ratio Report. Provide results of the comparison to the Executive Committee in time for its fall meeting.
11. Provide a progress report to the Executive Committee liaison in time to be included in the agenda book for each Executive Committee meeting.

Chair:

Larry E. Rittenberg
Ernst & Young Professor of Accounting
Department of Accounting & Information Systems
School of Business
University of Wisconsin–Madison
975 University Avenue
Madison, WI 53706-1323
Phone: (608) 262-2267
Fax: (608) 265-9412
Email: lrittenberg@bus.wisc.edu

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