Finance Committee

Purpose: The Finance Committee advises the Treasurer and Executive Director regarding the budget, investments, and other aspects of the Academy's finances.

Beginning in 2016, one member of the Finance Committee shall be appointed or re-appointed each year. The Finance Committee meets at least twice a year, to review: (a) progress to date on the budget for the current fiscal year, (b) the proposed budget for the following year, and (c) the Academy's investments.

The Executive Director shall prepare and circulate to the Finance Committee a report of budget-to-actual expenditures on a monthly basis or on such schedule as the Treasurer shall direct.

Composition: The Finance Committee consists of five persons appointed by the Council to five-year renewable terms together with the Treasurer, who is the Committee's chair and ex officio voting member, and the Executive Director, its clerk and ex officio non-voting member. The President sits with the Committee without vote.

Term: Five years, renewable, rotating.*

Members
Eugene W. Lyman, Treasurer and Chair (2015), URI Graduate School of Oceanography
John J. Contreni (2015), Purdue Univ.
Felice Lifshitz (2015), Univ. of Alberta
Kathryn L. Reyerson (2015), Univ. of Minnesota
William P. Stoneman (2014), Harvard Univ.
Grover A. Zinn, Jr. (2015), Oberlin Coll. Emeritus

Non-Voting Members
Alice-Mary Talbot, President (2012), Dumbarton Oaks
Eileen Gardiner, Executive Director, Clerk
Ronald G. Musto, Executive Director

* The date in parentheses is the final year of the incumbent's current term in office. The administrative year for committees runs from annual meeting to annual meeting.