Finance Committee

The Finance Committee consists of:

The Secretary-Treasurer, who serves as
The Chairperson-Elect.
Three members, at least two of whom shall not be members of the IAEE Board of Directors; and
The President and CEO, who serves as an ex-officio member of the committee.

The purpose of the Finance Committee is to counsel the staff, in preparation of the association’s annual operating budget, to review periodic financial statements of IAEE and CEIR, direct the investments of IAEE and CEIR, including the investment policy, and to recommend a budget to the IAEE Board of Directors/CEIR Board of Directors.

Charge to the Finance Committee for 2025:

Review the financial results achieved by the association at the conclusion of each calendar quarter and, through the Secretary-Treasurer, report its conclusions to the board of
Make recommendations for revisions and enhancements to IAEE’s/CEIR’s financial reporting
With the staff, prepare the FY 2026 Budget (10/1/25 – 9/30/26) for both IAEE and CEIR for the boards to receive at its summer 2025 meeting, according to the following tentative schedule, subject to revision:

June 20 – Staff first round input due – FY2026 operating budget proposal
June 26 – Staff budget review
July 8 – Staff revisions due
July 17 – Staff budget review with reforecast
July 25 – (tentative) Presentation to Finance Committee for recommendation to IAEE board
August 7 – Staff presents the proposed FY2026 operating budget at the summer board of directors meeting.

Annually review the Financial Practices Policy Statement for investments, including the investment guidelines, and recommend maintaining or revising the Policy Statement to board for consideration at its summer 2025
Review investments semi-annually.