Embedded Files
The primary assignments of the committee will be to:
Review and recommend action to increase the initiation fee.
Review unusual delegate expenses for 2024 Convention.
Review the chapter accounts receivable to Headquarters.
Review the auditor's report for 2021-22
Review the Convention reimbursable expense policy and recommend any changes.
Info Sheets:
Initiation Fee Increase
PO 07 Chapter Fees (C&B Committee is charged with reviewing)
Finance links:
2024 Financial Primer | 2023 Financial Primer | 2022 Financial Primer | 2019 Financial Primer | 2018 Financial PrimerÂ
2024 Financial Primer Spreadsheet
Convention Expense links:
2024 Voting Delegate Expense Report Examples
Link to online expense report (preferred method)
Accounts Receivable links:
Chapter Accounts Receivable (as of 7/31/2024)
Chapters Owing over $500 (As of 10/16/24)
Audit links:
Other links:
Initiation Fee Webpage
General links:
This committee will hold its first meeting at 10:30 a.m. on Thursday, October 24. Refer to the Room Schedule for exact room. 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 audit work in June 2023. A new firm, LBMC was engaged to complete future audits. The 2021-22 was completed in June 2022. Work on the 2022-23 audit is scheduled to be completed in September 2024. The audit will be made available as soon as it is complete. The 2023-24 audit will commence in October 2024.
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, 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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