Abstract
According to the AACP Bylaws, the Finance Committee is charged with advising the Executive Vice President (EVP) in preparing the annual budget of the Association for review and approval by the Board of Directors. The Committee met via conference call on February 8, 2006 and again on June 21, 2006 to review the financial statements for the period ended June 30, 2005 and the audit process, the statement of revenues and expenses for the year-to-date, updated PharmCAS projections, cash flows, sales tax exemption for Association purchases, electronic job board, managed reserves, and staffing/space issues relative to program growth. The committee also firmed up the budget proposal for 2006/2007 and reviewed general projections through 2009/2010.
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