Update for Finance (minutes) – Apr 2026
OIAA Finance Committee
Minutes
MARCH 14, 2026
The Finance Committee met for the regular monthly meeting in the Finance Zoom room. The meeting was called to order by Treasurer Joe at 10:00 am (EST).
Introductions and identification of voting members and visitors were made. A list of participants is available as a separate document.
The committee considered and approved the financial reports for February which are posted on the website, noting that at this early point in the year things seem to be tracking normally.
The primary point of discussion was the disbursement of excess funds from the 2025 fiscal year. Joe presented a recommendation for the disbursement of excess funds based on guidelines approved in April 2024. The excess funds were calculated to be $15,940, with $12,940 recommended for international use in coordination with GSOs and $2,500 for TIAA and $500 for Code for Recovery. Joe noted that further work would be needed to determine specific international recipients, as Felix had identified potential GSOs for collaboration.
The group discussed the proposal to allocate funds to TIAA and Code for Recovery, with Mark expressing concerns about the lack of information about these organizations and the potential for extensive questions at the Assembly. Beth suggested contributing excess funds to the International Literature Fund instead and making recommendations for TIAA and Code for Recovery next year. The committee agreed on the proposal to allocate 80% of excess contributions to Alcoholics Anonymous and 20% to online technology initiatives. They agreed to focus on two specific technology organizations: TIAA, which received $4,600 in 2023, and Code for Recovery, which develops meeting directories for AA organizations. Jan volunteered to prepare information about TIAA over the weekend, while Mark and Felix offered to help create a presentation to address potential questions from the board meeting the following day. The committee agreed to proceed with sending their recommendation to the board, with Felix suggesting a 75% allocation to TIAA and 25% to Code for Recovery due to TIAA’s more established nonprofit status.
Finance Committee Excess Funds Recommendation
The Finance Committee unanimously approved a recommendation to direct excess funds of $15,940 to specific recipients, including $12,940 for international uses to be identified in coordination with GSOs, $2,500 to TIAA, and $500 to Code for Recovery. The committee approved the recommendation to present to the board for final approval. Susan emphasized the importance of transparency in reporting the final distribution decisions to the board and potentially the assembly.
The committee then reviewed the outstanding items from previous meetings, including the tax rebate from the AA International Convention in Vancouver (being worked on by Joe), two accounting issues which need be resolved before closing the books on 2025 (Joe and Felix), and the filing of the 2025 Federal Tax Return, which need to be accomplished by May 15, 2026 (Joe and Felix).
There being no further business, the meeting was adjourned at 11:20 am (EST).
