Financial Advisory Committee – February 2019 Report

The group met 1 time this quarter.

Recent Activities

First Activity
FAC met on March 7 to review the preliminary budget and identified an error that was soon corrected. The expected deficit for 2020 now stands at $46,599. The committee investigated pricing models for a potential virtual forum. We stopped investigating after the planning committee decided not to pursue a virtual conference at this time. Here is what we found before we stopped.

-It's possible to increase the Zoom license for 1 month for $1000 to increase attendance or have simultaneous tracks. Zoom also has automatic audio transcript recording.
-Accessibility considerations will take additional time.
-To do a decent and professional job it will be necessary to contract it out.

Questions from Amigos: How long will the virtual conference run? Is LITA thinking this would be a one day conference? Two day? More? Less?
How many concurrent sessions would you ideally like to have?
Would there be a single opening and/or closing keynote?
Is LITA expecting attendees to have access to the conference sessions recordings and if so, for how long after the conference?
Would LITA expect Amigos to serve as session hosts/moderators and provide technical support to attendees before, during, and after the conference?

One limitation the Amigos system has: "Big Blue Button does not support video or audio playback so the presenter would be unable to play a video or audio clip during their presentation."
Meets LITA’s strategic goals for Education and Professional Development, Member Engagement, Organizational Stability and Sustainability

What will your group be working on for the next three months?
We will continue to support the Board in any way that is requested. We may need to revisit the merger and the virtual forum at some point.

Submitted by Brian Rennick on 03/29/2019