Embedded Files
The primary assignments of the committee will be to:
Review the actions of the 2022 Convention and recommend updates (if any) to the convention reimbursement policy.
Review and recommend action on a proposal to move the permitted investment options from the Constitution to Convention policy.
Review and recommend action on a Convention Policy proposal intended to streamline initiation fee updates.
Review unusual delegate expenses for 2023 Convention.
Review the chapter accounts receivable to Headquarters.
Review the auditor's report for 2019-21.
Info Sheets:
Finance links:
2023 Financial Primer | 2022 Financial Primer | 2019 Financial Primer | 2018 Financial Primer
2023 Financial Primer Spreadsheet
Convention Expense links:
2023 Voting Delegate Expense Report Examples
Accounts Receivable links:
Chapter Accounts Receivable (as of 7/31/2023)
Audits and Executive Director links:
Other links:
Initiation Fee Webpage
General links:
This committee will hold its first meeting at 11:00 a.m. on Thursday, October 12, in the Augusta room on the 2nd floor. Some District Directors will serve as advisors to this group. One will preside over the opening meeting and will ask the group to select the chair, who must be an appointed member of your committee and an official Convention voting delegate.
Your chair will present the committee's first report to the Convention in the Second Business Meeting on Friday afternoon. Additional time has been set aside in the Fourth Business Meeting on Saturday afternoon for final action on the report and recommendations. This committee is responsible for informing the Convention of all background information it needs to act upon your report and recommendations.
Our fiscal year ends July 31. Crowe, a certified public accounting firm, finally completed the 2019-21 work in June 2023. A new firm, LBMC was engaged to complete future audits. The 2021-22 audit is expected to be completed by October 31, 2023. Work on the 2022-23 audit will commence when the 2021-22 audit is complete.
Financial information including a comparative balance sheet and statement of income and expense from the auditor's report appear in the Executive Director's Report.
The complexity and size of Tau Beta Pi's business operations, resulting from our steady growth and program expansion, makes it difficult for anyone to understand (in a short time) the full significance of our extensive financial transactions and reports. Treasurer Michael Hand III, Executive Director Gomulinski, Trust Advisory Committee Chair Jim Johnson, and Director of Finance and Operations Mike Brown are available on-site to help you gain an understanding of our financial position and operations. This committee is charged with reviewing the Association's financial condition and reporting it to the entire membership through the Convention.
Please provide electronic copies of all files, motions, reports, and proposals to the Convention Chair and Executive Director via email (tbp.convbus@tbp.org) prior to the Business Meeting when a report will be presented.
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