| Subject: | Status of Action Items Assigned to the INCITS Finance Board Committee (FBC) |
| Action Item | Item Description |
|
Action Items Assigned at the October 16-18, 2006 INCITS EB Meeting |
|
| 1. |
In developing the 2008 budget, the FBC was instructed
to incorporate the TC/TG service fee structure beginning in FY 2008 that
was approved at the October 2006 EB meeting. (a06.143) |
| 2. |
The FBC was asked to consider a tiered
membership scale that would allow smaller members to not pay the same
fees as the larger organizational entities and strengthen outreach
to academia. (a06.145) |
| 3. |
The FBC is asked to develop specific criteria
to demonstrate financial viability and escrow requirements that non-INCITS
funded international Secretariats should meet. The FBC recommendation
will be submitted for EB approval. (a06.147) |
| 4. |
In developing the 2008 budget, the FBC will
incorporate the following recommendation approved at the 2006 EB meeting:
In order to develop a viable technology infrastructure, it
needs to be budgeted as a 2008 and ongoing expense/investment; outsourcing
research provides a benchmark cost. (a06.148) |
| 5. |
The FBC is asked to consider the financial
implications and plans associated with funding a US-hosted JTC
1 Plenary. (a06.153) |
|
Action Items Assigned at the December 15, 2006 FBC Meeting |
|
| 6. |
The INCITS Secretariat will prepare a stand alone
document that describes the unbundling of reserves from the 2006 budget to
the 2006 actuals. |
| 7. |
The INCITS Secretariat will seek explanation of
the ITI investment strategy. |
| 8. |
The FBC report to the January 2007 EB meeting will
include the recommendation that PBC be instructed to incorporate a reference
to document in060759 in the RD-1 as a history of the JTC 1 Reserve account. |
| 9. |
In advance of the February 2007 FBC meeting, the
INCITS Secretariat will provide compiled cost data for consideration in
planning the 2008 budget. |