FINANCE COMMITTEE
The Finance Committee is charged with oversight of the financial operation of the Corporation, and shall be chaired by the Treasurer.  This Committee shall review financial procedures, operations, and reports of the Corporation, and shall analyze financial data of the Corporation’s financial assets, obligations, and of such matters as directed by the Board of Directors, and provide recommendations to the Board.  It will recommend an annual budget for the Corporation and provide continuing review of it.

POLICY FOR FINANCE COMMITTEE:
Charge:

The committee is responsible for reviewing and providing guidance for the organization's financial matters. Specifically, the committee assures internal controls and financial analysis for the organization.  The Finance Committee will review all financial statements and report on financial activity to the full board.

Duties:

•  Provide direction for the Board regarding Board and organizational fiscal responsibility in keeping with the laws of the state of New York.
• Regularly review the organization's revenues and expenditures, balance sheet, investments and other matters related to its continued solvency.
• Review the annual budget and recommend it to the Board for approval.
• Ensure the maintenance of an appropriate capital structure.
• Oversee the maintenance of organizational-wide assets, including prudent management of organizational investments.
• Develop and review an investment strategy on a regular basis, making adjustments as appropriate, that is shared with and approved by the Board.

Composition of the Committee:

The Committee is chaired by the Treasurer. Membership shall include two Directors (chosen by their peers), who may serve up to the years that correspond to their service as a Director; five members of the Institute to be appointed for no less than 3-year terms with no term limit (following ARTICLE VII. Section 2); the President, ex officio; the President-Elect, ex-officio; and the Executive Director (non-voting).  The President shall make replacement appointments to fill terms as necessary.  Members of this committee shall have a demonstrated experience in areas of financial policies, budgeting, reports, management, and the like.

COMMITTEE MEMBERS

Travis DeCastro, Chair
Joe Aldridge
Lea Asbell-Swanger
Dennis Dorn
Kim Scott
John S. Uthoff 
Stephanie Young
Matthew Gray
USITT Executive Director - non-voting - David Grindle
USITT Director of Finance & Human Resources - non-voting- Carol Carrigan