2. Executive Council Business Meeting June 8, 2013 Bloomington, Indiana

3. FY13 & FY14 Financial Update Presented to the IUAA Executive Council June 8, 2013

4. FY2012-13 Financial Update As of April 30, 2013 Big wins with revenue sources Membership Above & Beyond annual giving License Plate Magazine Advertising Significant success managing operating costs Planned investment of one- time funds less than budget

5. FY2013-14 Budget Process University Budget Process University Support Other Initiatives February 2013 IUAA Budget Process IUAA Operations Dues Allocations Salary Setting April/May 2013 Finance Committee & Board Total IUAA Budget Strategic Investments Review & Approval, June 25 & 28 Ongoing Quarterly Budget Reviews

6. Unified Dues Program FY11-12 Fund Balance FY12-13 Allocation Constituent Societies $ 427,807 $ 375,000 Regional Campuses 175,984 40,800 Chapters 258,561 125,000 Affiliate Groups - 31,800 TOTAL $ 862,352 $ 572,600 Key Takeaways: Focus on Constituent Societies and Regional Campuses Study/Deliberation/Consultation over the last year Alignment of donor intent, IUAA responsibilities, and Chapter policies

7. Unified Dues Program Constituent Society & Regional Campus Proposed Next Steps No Change to Allocation Formulas for FY14 Utilize membership figures for March 30, 2013 Adjust allocated funds based on each group’s June 30, 2013 fund balance. Fund balance < 100% = full annual allocation Fund balance < 200% = partial allocation adjusted for the amount by which the fund balance exceeds the full annual allocation Fund balance > 200% = no annual allocation Approval process for spending above the annual allocation amount Enhanced accounting to segregate future allocations from other income sources Communication of guidelines for utilization of dues allocation dollars

8. QUESTIONS?