Difference between revisions of "FiCom Chair & 3 Members selected to represent each ESIP Type I, II, III"

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From the ESIP Federation Bylaws:
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[https://github.com/ESIPFed/Governance/blob/3aa064d3fe2a4c9298c86a158bee12ff823966f0/ESIP%20Policies%20and%20Procedures/1.0%20Corporate/ESIP%20P%26P%201.3%20Corporate%20Organization.md#part-3----finance-committee Finance Committee description] from the ESIP Policies & Procedures
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==Finance Committee Chair==
Section 4 - Finance and Appropriations Committee
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The Chair of the Finance Committee (Ficom) serves on the Program Committee and as Treasurer of the Board. The Chair also convenes Finance Committee meetings to consider annual budgets for ESIP and provides oversight of operational spending.  
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Specific duties include:
IV.4.1 The Finance and Appropriations Committee may not include Officers of the Assembly among its members.
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Finance and Appropriations Committee
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*Understand financial accounting for nonprofit organizations
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*Manage, with the finance committee, the board's review of and action related to the board's financial responsibilities
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.
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*Work with the chief executive and the chief financial officer to ensure that appropriate financial reports are made available to the board on a timely basis
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*Present the annual budget to the board for approval
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.
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*Review the annual audit and answer board members' questions about the audit
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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.
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Chair of the Ficom spends approximately 2 hours/month on ESIP business.
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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.
 
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IV.4.6 Category 4 ESIPs, as a group, may send one representative as a non-voting observer to Finance and Appropriations Committee meetings.
 
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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.
 
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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.
 
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The Chair of the Finance and Appropriations Committee (Ficom) serves on the Executive Committee of the ESIP Federation and as Treasurer of the Board of the Foundation for Earth Science.  The Chair also convenes Ficom meetings to consider annual budgets for the ESIP Federation and provides oversight of the Foundation for Earth Science operational spending.  The Chair of the Ficom spends approximately 2 hours`/month on ESIP Federation business. Members of the Ficom spend 3-4 hours/year on committee business in a typical year.
 
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[[Constitution_and_Bylaws|Back]]
 

Latest revision as of 12:27, September 17, 2020

Finance Committee description from the ESIP Policies & Procedures

Finance Committee Chair

The Chair of the Finance Committee (Ficom) serves on the Program Committee and as Treasurer of the Board. The Chair also convenes Finance Committee meetings to consider annual budgets for ESIP and provides oversight of operational spending.

Specific duties include:

  • Understand financial accounting for nonprofit organizations
  • Manage, with the finance committee, the board's review of and action related to the board's financial responsibilities
  • Work with the chief executive and the chief financial officer to ensure that appropriate financial reports are made available to the board on a timely basis
  • Present the annual budget to the board for approval
  • Review the annual audit and answer board members' questions about the audit

Chair of the Ficom spends approximately 2 hours/month on ESIP business.