AOAC BOD June 2018 Pre-Meeting Materials

FINANCE COMMITTEE Agenda Tuesday, June 12, 2018 AOAC Headquarters Rockville, MD USA

1. Introductory Items 1.1 Call to Order, Introductions, and Announcements (DeVries)

Chairman DeVries will provide a brief overview of the scope and purpose of the Finance Committee meeting and establish the ground rules for participation in the meeting and for voting. 1.2 Review, Modification, and Approval of the Agenda (DeVries) Chairman DeVries will request the Committee members’ input into the proposed agenda and ask for approval of the agenda as presented or with appropriate modifications. 1.3 Review and Adoption of the Minutes from the March 12, 2018 meeting of the Finance Committee (DeVries)

The minutes from the March meeting of the Committee are attached for Committee review, correction, and adoption.

2. Business of the Finance Committee 2.1 Update on the status of the Reserve Account (Schumacher)

An update on the current status of the Association’s reserve account will be provided. This review will include a report on activity this year to date, the present fund balance and asset distribution. 2.2 Financial Review and Analysis of the Association’s Operations in FY 2017 (Schumacher)

This presentation will consist of a review of the Association’s performance as of March 2018 on accrual basis.

2.3 Financial Review and Analysis of the Research Institute’s Operations in FY 2017 (Schumacher)

This presentation will consist of a review of RI’s performance as of March 2018 on accrual basis.

2.4 Presentation of the Draft Financial Audits for 2017 (Bert Swain from Dembo Jones, P.C.)

This presentation will consist of a review of the 2017 draft financial audits prepared by Dembo Jones, P.C.

3. Other Business 4. Adjournment