Financial Advisory Committee

Charge

To advise the LITA Board on all fiscal matters of the Division; to advise the LITA Executive Director in preparation of an annual budget based on priorities established by the Board; to review and advise units requesting LITA funds; to review for the LITA Board Division activities, within the framework of the strategic plan, for fiscal implications; to review for the LITA Board, on a regular basis, the dues structure and to prepare and submit to the LITA Board periodic analysis of the finances of the division; to review LITA's fiscal relationship to ALA and other divisions and to represent LITA at the ALA Planning and Budget Assembly and the BARC/Divisions meeting. The Chairperson of the Financial Advisory Committee shall also be a member of the Board of Directors ex-officio, without vote and shall advise the President and the Board on matters of budget and finance at meetings of the Board of Directors. 

Roster

Brian Rennick (Chair, July 1, 2018, to June 30, 2019)
Margaret Heller (Vice-Chair, July 1, 2018, to June 30, 2019)
Ms. Christine Peterson (Past-Chair, July 1, 2018, to June 30, 2019)
Regina Beach-Bertin (Member, July 1, 2018, to June 30, 2020)
Emily Elizabeth Clasper (Member, July 1, 2018, to June 30, 2020)
Dao Rong Gong (Member, July 1, 2018, to June 30, 2020)
Anne Elizabeth Jamieson (Member, July 1, 2018, to June 30, 2020)
Amber Seely (Member, July 1, 2018, to June 30, 2020)
Mark A. Beatty (Staff Liaison, July 1, 2014, to June 30, 2020)
Jenny Levine (Staff Liaison, August 1, 2015, to June 30, 2020)

Displaying active committee roster as of 12/14/2018. Last retrieved on 12/14/2018. Members can log in to view full contact information for committee members.

Composition

Includes a chair, vice-chair, past chair, and at least 3 members.

About this Committee

Deliverables

  • Advises the LITA Executive Director in creating the annual budget
  • Analyzes spending and revenues, bringing concerns to the Executive Director and LITA Board
  • Looks for ways LITA can increase revenue and/or reduce expenses
  • Responds to financial queries from the LITA Board, other LITA units, and the membership

Expected Time Commitment

  • Holds 4-6 virtual meetings and 1 face-to-face meeting (at the ALA Annual Conference) each year
  • Group members work an average of 1 hour per month
  • January, May, June, September, and December are the busiest months

Desired Skills, Knowledge, and Experience

  • Intermediate Excel
  • Basic financial understanding
  • Creating and managing a budget

 

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