Changes

The Augustan Society, Inc., has established proposed a '''Finance Committee ''' under the chairmanship of the [[Treasurer]]or an Assistant Treasurer he appoints for this purpose.

#* Society — Treasurer#* Headquarters — [[Assistant 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* [[President]] — ex officio

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 would be 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 [[Endowment Investment Fund]].

Budgets Previously, budgets for the sub-groups shall be were solicited from them, and those approved and submitted by the deadline announced by the [[Treasurer will ]] were to be given all possible deference.

Budgets Previously all budgets had to be recommended to the [[Board]] for their adoption not later than the sub-groups arriving after the deadlinelast regular meeting scheduled for each budget year. Of late, or which are due to a profound lack of interest, a "permanent budget" has been employed, rolling over year by year, with only amendments coming to the recommendation attention of the Receiver GeneralBoard for approval, shall be given as much deference as may be possible and those at that point in the processany meeting.

Budgets As expenditures by sub-groups are rare, their financial activities are generally handled on an ad hoc basis, save 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 Boardannual administrative fees.

All budgets must be recommended to the Board for their adoption Note that this process does not later than address cash flow issues, and at various times, the last regular meeting scheduled for each budget yearmay allocate more than is available. Earlier is better, with August being the preferred month[[Headquarters Staff]] will attempt to impose such controls as may be needed.