Financial Policies
Fund-raising Policy
All PAM fundraising activities are handled by the Chair-Elect, with possible assistance from other designated members.Expenses Reimbursement Policy
All proposed expenditures (except routine Bulletin expenditures and Directory mailing) must be approved by the executive Board BEFORE they are incurred.All receipts over $50 or totalling over $50 must be sent to the Treasurer for reimbursement within 90 days of incurring the expense(s). ALL receipts must be sent to the treasurer for reimbursement within one year of incurring the expense(s). Receipts submitted outside of these guidelines will NOT be reimbursed.
Proposed and approved 1997. Revised 1999.
Funding For Chair and Chair-Elect to Attend Required SLA Meetings
The Division will partially reimburse the Chair and Chair-elect to attend required SLA meetings (i.e. the winter meeting in January and annual meeting in June). This funding is not automatic -- a request must be submitted to the Executive Board. All requests up to the approved ceiling should be granted. However, the Chair and Chair-elect should make every effort to obtain as much funding as possible from her/his own institution.
Each year at the annual Board meeting, the firm ceiling for reimbursement should be set for the period two years hence, the amount to be primarily dependent on the financial status of the Division but also in consideration of such factors as the expected expenses in the conference cities. If the Board does not explicitly change the ceiling at its annual meeting, it remains in effect. It would be a good idea for the Board to set aside in the current fiscal year the maximum future liability.
Ceilings for 2004/2005 through 2005/2006 are $750 each person for each meeting (approved at Board Meeting, June 8, 2003).
PAM Practices Manual Editor: Kristine Fowler, fowler@math.umn.edu
Copyright protected.
Page last updated: October 8, 2004