Finance Committee

The Finance Committee consists of:

1. The Secretary-Treasurer, who serves as Chairperson.
2. The Chairperson-Elect.
3. Three members, at least two of whom shall not be members of the IAEE Board of Directors; and
4. 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, direct the investments of IAEE, including the investment policy, and to recommend a budget to the IAEE Board of Directors.

Charge to the Finance Committee for 2026:

• 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 directors.
• Make recommendations for revisions and enhancements to IAEE’s financial reporting systems.
• With the staff, prepare the FY 2027 Budget (7/1/26 – 6/30/27) for IAEE the boards to receive at its summer 2026 meeting, according to the following tentative schedule, subject to revision:

March 20 – Staff first round input due – FY2026 operating budget proposal

March 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 2026
• Review investments semi-annually.

Finance Committee members are expected to engage with IAEE marketing channels including but not limited to, opening marketing emails from IAEE; and engaging on social media posts by liking, resharing and/or commenting.