Finance Committee
Finance Committee
Overview
Monitor the financial activities of SEG and its consolidated subsidiaries with the goal of providing accurate, timely information. This information is used to make fiscally responsible decisions that allow SEG to maintain and expand relevant products and services to its members. The Finance Committee, as any SEG committee, while reporting to the Board, is accountable to the membership at large and may act upon that accountability.
Objectives
- Recommend financial reports to the Board for acceptance
- Recommend fiscal budget to the Board for approval
- Recommend portfolio budget variations over 10% to the Board for approval
- Recommend leasing strategy changes to the Board
- Review investment policy
- Meet with investment managers on a periodic basis
- Review invested reserves above target policy
- Submit committee report for annual report
Composition and Membership
The Finance Committee is comprised of the current Treasurer (Board liaison), the immediate past-Treasurer (chair) and Treasurer of the SEG Foundation. Additional voting members of the Committee may be selected by the Chair and approved by the President. The two highest ranking Finance personnel (e.g., CFO and Controller) serve as staff liaisons. Additionally, common membership with the SEG Foundation Finance Committee is permitted so long as the number of common members does not constitute a majority for any Committee item requiring a vote for approval. No member of the SEG Audit Committee can also be a member of the Finance Committee.
Current Leadership (2026–2027):
| Role | Name |
|---|---|
| Chair | Ted Stieglitz |
| Board Liaison | Mike Mellen |
| Staff Liaison | Carlos de la Garza |
Policy and Procedures
The official SEG Policy and Procedures Manual section for this committee can be accessed here: → SEG Policy and Procedures Manual
Annual Reports
Below are recent annual reports submitted to the SEG Board:
- {2024 Report}
- 2025 Report: See Treasurer's Report in SEG Annual Report
Meetings
At least a meeting two weeks prior to every Board meeting.
Resources and Links
Contact
For questions or to express interest in volunteering for this committee, please contact: [email protected]