Finance/Investment Committee

Composed of the Treasurer (Chair), Immediate Past Treasurer, Vice President for Awards and Recognition, Vice President for Professional Development, President-Elect, Immediate Past President and two representatives from each region who meet the following criteria: previously served as an Affiliate President and Treasurer or served as Treasurer of a professional organization or has appropriate educational background or training. Non-officer members shall serve a two year staggered term (Treasurer would serve 2 years as Treasurer, 2 years as immediate Past Treasurer). The Finance/Investment Committee is appointed by the President and shall be responsible for:

• preparing the budget for fiscal year January 1 through December 31
• presenting the budget to the membership at Annual Session
• making recommendations to the board on financial matters of the organization
• Oversees all NEAFCS investments
• To move monies ONLY with written consent of no fewer than eight (8) Committee members for the Treasurer to bring committee consensus to the Board for a vote
• To report, in writing, to the NEAFCS Board and membership at the Business Meeting during Annual Session
• To communicate yearly by quarterly conference calls, electronic mail, and USPS

• To monitor and direct investments of monies in both the awards fund and the investment fund in order to meet the goals and objectives of each fund as outlined by NEAFCS