Financial Advisory Committee – May 2019 Report

The group met 1 time this quarter.

Recent Activities

First Activity
FAC had an online discussion about Jenny's proposal to create a new member volunteer position. This eLearning Coordinator position "would handle all of the logistics from scheduling to synchronous support to handling evaluation surveys." This alternative to outsourcing the logistics for our webinars and courses could have a positive impact on the LITA budget. The FAC agreed that this was a good idea.
Meets LITA’s strategic goals for Education and Professional Development, Member Engagement, Organizational Stability and Sustainability

Second Activity
As requested by the LITA Bylaws & Organization Committee, FAC had an online discussion regarding the current FAC bylaws and whether or not the FAC is still needed. Suggestions included making the chair a 2 or 3 year appointment (because of the learning curve) and becoming more proactive on financial issues.
Meets LITA’s strategic goals for 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 05/31/2019