Financial affairs of The Augustan Society, Inc., are ultimately controlled by the [[Board|Board of Directors]], but are the specific assignment of the [[Treasurer]]. Day-to-day operations are delegated to the [[Assistant Treasurer]]. The [[Finance Committee]] exists to advise the Board, Treasurer, and [[Assistant Treasurer]], the Receivers General of the senior [[Sub-Groups]], and to prepare the annual budgets for the Society and it's the six [[Sub-Groups]].
'''Bank accounts''' used to hold all funds other than investments are three:
The balance of the PayPal account is kept to about $500, unless a larger purchase is contemplated. The checking account is held to the amount felt necessary to cover checks and debits. The rest is placed in the savings account, and transfers between the three are made as necessary to maintain each at the desired level.
'''Bookkeeping''' is done using [http://www.gnucash.org/ GnuCash], free and open source software which is available for both Windows and Linux operating systems.
'''Investment Funds''' are held in two accounts at Morgan Stanley, and presently include GNMAs, corporate bonds, a mutual fund, and a cash account bearing trivial interest.