Committee:
Date / Time:
Location:
I. Organizational Items:
- D. Approval of Minutes for Friday, November 18, 2016
- E. Approval of Minutes for Friday, November 4, 2016
- F. Approval of Minutes for Friday, September 2, 2016
III. Action Items
- A. Society of Hispanic Engineers and Science Students (SHESS) - Professional Speaker Series - 02/02, 02/16, 03/02, 03/16, 03/30, 04/20, 05/04. $490.00 total for all 7 events
- B. CSULA AAAE - SWAAAE's 57th Annual Airport Short Management Course - 01/28 - 02/01, $1,968.57 (please stop by the A.S.I. Administrative Office to view the proposal, U-SU 203)
- C. Eagle Jiu-Jitsu - Pizza Fundraiser - 02/02 ($340.59) & 02/09 ($340.59), Total $681.18
- D. School of Psychology Student Association - NASP, 02/21/17, $3,000.00
- E. A.S.I. IRS Form 990 Annual Tax Return - The Committee will review the annual tax return forms that will be filed on behalf of A.S.I.
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F. MGO Auditor Fee Proposal for 2017 and 2018 - the Finance Committee will review and take action on the fee proposal provided by MGO.
- G. Policy 204 Funding Guideline Recommendations - The committee will discuss and take action to increase the funding level for clubs and to determine specific allocations for banquets, fundraising, etc.
IV. Information Items
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A. Budget Review Timeline 2017-18 - The Finance Committee will review the timeline to approve the 2017-18 fiscal budget by May 1, 2017 deadline. (I. Weser)
- B. Strategic Planning Discussion - The committee will continue the Environmental Scan being coordinated by the Strategic Planning Committee. (I. Weser)
- C. 2017-18 Budget Development Discussion - The committee will examine the Finance Committee Budget allocation(s) and discuss the future process. (I. Weser)
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About Committee
The Finance Committees acts on behalf of the BOD in all matters pertaining to income appropriation, and the safeguarding of Associated Students, Inc. funds. The Finance Committee makes recommendations to the Board of Directors regarding allocation of funds. The committee also prepares an annual budget which must be submitted to the Associated Students, Inc. BOD in sufficient time for review and approval in accordance with Article VI, Section 4 of these Bylaws. The Finance Committee also has the responsibility for recommending the most appropriate investments.
What is the composition of the Finance Committee?
- The Finance Committee is composed of 14 voting members and 4 non-voting members. You may use this application to apply for the following positions:
- ASI Vice Chair for Finance (V.C.F.)
- Four student (recommended by the V.P. for Finance to the ASI President with a simple majority consent of the BOD)
What does the Finance Committee do?
It shall be the purpose and function of the Finance Committee to:
- Make recommendations to the BOD regarding allocation of funds.
- Prepare an annual budget which must be submitted to the Associated Students, Inc. B.O.D. in sufficient time for review and approval in accordance with Article VI, Section 4 of the Bylaws.
- Develop a balanced ASI Annual Budget for approval by both the B.O.D., and the University President no less than sixty (60) days prior to the end of the fiscal year.
Duties and Responsibilities
For more information go to our website Finance Policies and Procedures 200-225 and review Policy 201 Finance Committee Code of Procedure.
External Organization & Departments
ASI currently offers university support funds to Anna Bing Arnold Children's Center, EOP (Educational Opportunity Program), Golden Eagle Radio, EPIC (Educational Participation in Communities), Dreamers Center, U-Pass Metro Program, and Veterans Resource Center. Click below to learn out more about the Funding and Budgeting for External Organizations & Departments over $3,000 here.