This committee shall consist of two members of the Association in addition to the immediate past president, President, Treasurer, and Business Manager of the official publication. The immediate past president shall serve as committee chairperson.
This committee functions in the fall before the annual convention. Using the forms worked out by the previous committee as a basis for continuity, the Treasurer’s current estimate of expenses, the convention treasurer’s estimated profit, and the Executive Director’s estimate of membership, this committee should set up the annual budget of the Association for the following year. This budget should be presented by the chair, at the Board retreat meeting and published in the next issue of the NLAQ.
After December 31, the convention financial report, a more accurate estimate of dues, and the completed treasurer’s report should be used to make adjustments to this budget. The adjusted budget should be submitted to the Board for approval and/or action.