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
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
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.*
Eugene W. Lyman, Treasurer and Chair (2020)
John J. Contreni (2020), Purdue Univ.
Mark Kerwin (2021), Museum of Fine Arts, Boston
Felice Lifshitz (2018), Univ. of Alberta
Kathryn L. Reyerson (2019), Univ. of Minnesota
Grover A. Zinn, Jr. (2017), Oberlin Coll. Emeritus
Barbara Newman (2016), Northwestern Univ.
* 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.