The Finance Committee is charged with the responsibility of developing the annual budget for the ACS Division of Chemical Education (“the Division”) and overseeing this budget and other financial concerns of the Division. This committee also sends recommendations to the Division Executive Committee on financial matters such as the budget, the investment policy, audit practices, ongoing and new expenses, and ongoing and new income-generating activities.
The Finance Committee is a standing committee of the Division, constituted primarily with ex officio voting members but also with appointed voting members, including the chair. If the Division employs the services of a business management firm, a representative of this firm is appointed by the Committee chair as an ex officio non-voting member of the Committee.
Activities and Highlights
In 2017, the Executive Committee brought on board a business manager from the firm TurboExecs. At the same time, the chair succession established new guidelines for the operation of the committee:
- The Committee membership will better represent those with financial expertise and with a stake in financial decisions.
- The chair of the Finance Committee will be appointed with a 3-year term, renewable with the same protocols as other committee chairs. (Note: Prior to this, the chair was the immediate past chair of the Division, i.e., a new person became chair each year.)
- The meetings will be open, except for a few matters such as personnel.
- The Committee meetings will be held on Fridays, so that recommendations from the Finance Committee can proceed to ExComm on Saturday. The Finance Committee continues to meet under these new guidelines.
For current information about the Finance Committee, read the consent agenda (give link) which the chair of the Committee submits to the Division Secretary prior to each national meeting.
University of Wisconsin-Madison
Nelson Institute for Environmental Studies
Cathy Middlecamp, Chair
Dawn Del Carlo, DivCHED Chair
Irv Levy, DivCHED Past Chair
Stacey Lowery Bretz, DivCHED Chair-Elect
David Licata, DivCHED Treasurer
Dan Sykes, BCC Co-Chair
MaryKay Orgill, BCC Co-Chair
Frank Torre, Treasurer, Board of Pubs
Julie Ellefson-Kuhn, Treasurer, 2YC3
Kristin Murphy, Director, Exams Institute
Bill Donovan, Board of Trustees (nonvoting)
Patty Lawrence, TurboExecs (nonvoting)