Budgets

EC reserve fund policy was approved.  This is included here. (Mar 16, 1996)

   The SIGGRAPH EC Reserve Fund Management Policy

A. While the reserve fund reports show inventory as well as cash, SIGGRAPH

   will maintain CASH (exclusive of any endowments) in the reserve fund to

   meet the ACM mandated level.  Any cash in the reserve fund above that

   level will be known as the "free balance".

B. Requests to spend money in the free balance will be made as part of the

   normal budget process.  This will include justification and EC approval.

C. The types of items on which the free balance might be spent include, but

   are not limited to, the following:

(1)  Strategic planning activities.

(2)  One-time and start up events such as the public policy committee start

     up financing and the chapter leadership workshop funded in the FY97

     budget.

(3)  Generating new conferences.

(4)  Market research.

(5)  Cooperative relationships with corporations and universities.

(6)  Travel funds for SIGGRAPH content throughout the year.

Interest on SIGGRAPH reserves be divided between the organization and conference reserve funds according to the appropriate ratios of the balances in these reserves (see motion for details of “appropriate”).( February 2, 1997)

Agreed to move the annual budget approval meeting to the second half of January. Any changes in dues structures, membership offerings, Member Value Plus offerings or pricing must be sent to ACM Headquarters by February 1 each year. (April 12, 2000)

Individual program managers should budget and operate to the line item level, with up to 10 percent variance. Any change beyond 10 percent need to be brought to the finance committee for approval. (January 27-28, 2001)