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Finance and Development
EASFAA members recognize the importance of a sound and fiscally stable EASFAA as well as the importance of fundraising and development. There is a clear need, however, to make financial information about EASFAA more available and understandable to members.

GOALS

1. Clearly define and earmark EASFAA's financial plan.
2. Identify a plan for the use of EASFAA's reserve, including a "disaster plan" to insure the association could survive and provide essential services to the membership.
3. Insure EASFAA’s financial status with a well defined financial safeguard system.
   
   

ACTIONS

• Goal 1:
  1. Review and analyze the sources of revenue for appropriateness, balance and stability.
  2. Examine the role of Development, including EASFAA's dependence on external funding sources, the level of support for the annual conference, marketing to vendors and reflecting development goals in the annual budget.
  3. Provide to the EASFAA membership an annual fiscal report of income, expenses and assets.
• Goal 2:
  1. Review the use of the reserve for effectiveness and efficiency.
  2. Insure that we are operating as a non-profit organization.
  3. Determine the percentage of the annual operating budget that must be held in reserve to insure EASFAA could provide governance, training and an annual conference if we lost a significant source or sources of revenue.
• Goal 3:
  1. Annually review the check and balance system in place to insure and protect against fraud, theft and abuse.
  2. Review Fiscal Policies and procedures each year.

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