Objective

• Provide oversight of the organization's financial resources by reporting accurate and reliable information to the AEM Board of Directors.
• Monitor, manage and protect the assets of the organization by providing an adequate system of financial controls.
• Recommend AEM budget to the Board and oversee the budget throughout the year.

Leadership

Chaired by the AEM Treasurer. Serves a one-year term. Elected by the AEM Board of Directors each November. In practice, Treasurer serves two consecutive one-year terms.

Composition

• 15-18 members. A cross-section of individuals is selected based on financial, AEM trade show and member services background.
• The committee aims to have a 70-30 split between Directors and non-Directors with the goal of achieving a 50-50 split over time.
• Terms of two years with approximately 50% of the committee turning over each year.

Responsibilities

Review and recommend to the AEM Board of Directors for approval:

• The annual budget.
• The investment policies and guidelines of the organization.
• External auditor selection and the annual audit.
• A long-range program to assure the financial viability of the organization.
• Any other finance related tasks as directed by the AEM Board of Directors.

2020 Committee Objectives

• Monitor AEM 2020 actual financial results versus budget.
• Monitor AEM cash flows and financial viability of individual trade shows, programs and services.
• Continue to assess 6-year financial projections for AEM with an emphasis on 2021 and 2022.

Projected 2020 Meetings

• February - 2019 Audit Report and Year-end Review
• June - 2020 Budget Progress and Six-year Projections
• October - Proposed 2021 Budget Review