Finance Committee
The Augustan Society, Inc., has proposed a Finance Committee under the chairmanship of the Treasurer or an Assistant Treasurer he appoints for this purpose.
Some members of the Finance Committee are ex officio appointments to represent various groups. These are:
- Society — Treasurer
- Headquarters — Assistant Treasurer
- Fundraising Committee — Chairman
- OAE — Eagle Receiver General
- NCR — Rose Receiver General
- SDLKJ — Dean
- SDI — Dean
- SDS — Dean
- SDC — Dean
- President — ex officio
The Treasurer may appoint such additional members as he may see fit.
The duties of the Finance Committee 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 Investment Fund.
Previously, budgets for the sub-groups were solicited from them, and those submitted by the deadline announced by the Treasurer were to be given all possible deference.
Previously all budgets had to be recommended to the Board for their adoption not later than the last regular meeting scheduled for each budget year. Of late, due to a profound lack of interest, a "permanent budget" has been employed, rolling over year by year, with only amendments coming to the attention of the Board for approval, and those at any meeting.
As expenditures by sub-groups are rare, their financial activities are generally handled on an ad hoc basis, save for the annual administrative fees.
Note that this process does not address cash flow issues, and at various times, the budget may allocate more than is available. Headquarters Staff will attempt to impose such controls as may be needed.
