Finance Committee

The Finance Committee is working with the Foundation Board and the Assembly/Executive Committee to supervise the budget planning and finances of the Federation/Foundation

From the Constitution:

The Finance and Appropriations Committee shall administer the financial resources of the ESIP Federation and advise the Federation on financial matters and appropriations according to the Bylaws

From the Bylaws:

IV.4.1 The Finance and Appropriations Committee may not include Officers of the Assembly among its members.

IV.4.2 All financial resources of the ESIP Federation shall be administered through the Finance and Appropriations Committee, except as indicated in Bylaw IV, Section 4.3.

IV.4.3 The Executive Committee may authorize annual expenditures that total less than 10% of the annual ESIP Federation financial resources at its discretion without approval by the Finance and Appropriations Committee or the Assembly. The Executive Committee shall submit an annual report of its past year's expenditures to the Finance and Appropriations Committee prior to each Annual Meeting.

IV.4.4 Proposals for the expenditure of ESIP Federation financial resources shall be submitted in writing to the Chair of the Finance and Appropriations Committee.

IV.4.5 Upon receipt of a proposal, the Finance and Appropriations Committee will promptly notify the Assembly that proposals are under review. The Finance and Appropriations Committee will assure that appropriate, timely reviews of the proposals are carried out and then forward its recommendations to the Executive Committee for further review. If the Executive Committee also recommends funding, appropriate actions will be taken to allocate the funds. Alternatively, the Finance and Appropriations Committee may submit proposals to the Assembly for review. If a resolution of the Assembly recommends funding, appropriate actions will be taken to allocate the funds.

IV.4.6 Category 4 ESIPs, as a group, may send one representative as a non-voting observer to Finance and Appropriations Committee meetings.

IV.4.7 The Finance and Appropriations Committee will report on its actions at each Meeting of the Assembly and submit an Annual Finance Report and Proposed Budget for the coming year at each Annual Meeting of the Assembly.

IV.4.8 In the case of NASA resources allocated to Federation-wide activities, the appropriate action to be taken to allocate funds will be to make recommendations to NASA on the expenditures.