The Augustan Society, Inc., has established a Finance Committee under the chairmanship of the [[Treasurer]].
Some members of the Finance Committee are ex officio appointments to represent various groups. These are:
#Society — Treasurer#[[Fundraising Committee]] — Chairman#[[Order of the Augustan Eagle|OAE]] — [[Eagle Receiver General]]#[[Noble Company of the Rose|NCR]] — [[Rose Receiver General]]#[[Society of Descendants of the Latin Kingdom of Jerusalem|SDLKJ]] — Dean#[[Society of Descendants of Ireland|SDI]] — Dean#[[Society of Descendants of Scotland|SDS]] — Dean#[[Society of Descendants of the Conquest|SDC]] — Dean
The Treasurer may appoint such additional members as he may see fit, those serving at his pleasure. At present, these are:
#[[Assistant Treasurer for Budgeting]]
The duties of the Finance Committee are to propose to the [[Board]] annual budgets for:
#The Society#The [[Order of the Augustan Eagle]]#The [[Noble Company of the Rose]]#The [[Society of Descendants of the Latin Kingdom of Jerusalem]]#The [[Society of Descendants of Ireland]]#The [[Society of Descendants of Scotland]]#The [[Society of Descendants of the Conquest]]
and to set the investment policies for Society funds, including primarily the [[Investment Fund]].
Budgets for the sub-groups shall be solicited from them, and those approved and submitted by the deadline announced by the Treasurer will be given all possible deference.
Budgets for the sub-groups arriving after the deadline, or which are only the recommendation of the Receiver Generaland Chief, or the Dean, shall be given as much deference as may be possible at that point in the process.
Budgets for all groups must be made in cognizance of the cash flow situation. No budget that can reasonably be expected to require more liquid reserves than might be available in any month should be recommended to the Board.
All budgets must be recommended to the [[Board ]] for their adoption not later than the last regular meeting scheduled for each budget year. Earlier is better, with August being the preferred month.
Should a budget not be adopted before the start of the fiscal year (1 January), Consuls [[Headquarters Staff]] may, at their discretionwith the approval of the [[President]], extend the prior year's budgeton a pro-rata basis. Should a [[Directors|Director]], the ''[[Magister Rosae]]'', or the [[Committee Chairmen|Dean]] of a sub-group object, no further expenditures will be made on behalf of that group until and unless the Board adopts a budget for them.
The [[Board]] is admonished that the lack of a Society budget means the lack of a [[Contract|Consular ContractHeadquarters]], with the resultant termination of their servicesactivities there!
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