Financial Advisory

To advise the LITA Board on all fiscal matters of the Division; to advise the LITA Executive Director in preparation of an annual budget based on priorities established by the Board; to review and advise units requesting LITA funds; to review for the LITA Board Division activities, within the framework of the strategic plan, for fiscal implications; to review for the LITA Board, on a regular basis, the dues structure and to prepare and submit to the LITA Board periodic analysis of the finances of the division; to review LITA’s fiscal relationship to ALA and other divisions and to represent LITA at the ALA Planning and Budget Assembly and the BARC/Divisions meeting. The Chairperson of the Financial Advisory Committee shall also be a member of the Board of Directors ex-officio, without vote and shall advise the President and the Board on matters of budget and finance at meetings of the Board of Directors.


Includes a chair, vice-chair, past chair, and at least 3 members.

LITA Connect

View the Financial Advisory Committee’s group on LITA Connect.

About this Committee


  • Advises the LITA Executive Director in creating the annual budget
  • Analyzes spending and revenues, bringing concerns to the Executive Director and LITA Board
  • Looks for ways LITA can increase revenue and/or reduce expenses
  • Responds to financial queries from the LITA Board, other LITA units, and the membership

Expected Time Commitment

  • Holds 4-6 virtual meetings and 1 face-to-face meeting (at the ALA Annual Conference) each year
  • Group members work an average of 1 hour per month
  • January, May, June, September, and December are the busiest months

Desired Skills, Knowledge, and Experience

  • Intermediate Excel
  • Basic financial understanding
  • Creating and managing a budget