AGU Budget and Finance Committee Meeting highlights

Authors


Abstract

AGU received a clean bill of financial health from the Budget and Finance Committee, which held a biannual meeting November 10 and 11. In fact, financial statements through September of 1994 reveal an unexpected net gain in operations of $514K due to some unbudgeted income from special fees.

Although the final accounting for the construction of AGU's new headquarters awaits some details to be completed, the building is still under budget. At worst, remaining costs could result in a 1.8% overrun of the original estimate; however, that is not expected, according to the Committee, which is responsible for development of the budget, monitoring performance against the budget, and managing AGU's invested funds.

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