The Finance Committee

The Finance Committee has as a goal understanding the current financial health of our member organizations and the long term requirements for sustaining financially healthy Chapters. Currently, the committee is in need of new leadership, and has as an immediate goal helping houses determine their long term financial planning needs. Contact Rich Possemato (posse (at) alum.mit.edu) for more information.

AILG Financial Study

For the past three years, the AILG conducted Financial Studies to help provide data that may assist AILG members in making informed decisions about the operation of their individual houses. This data included both operating expense data as well as comparative housebill data, aimed at helping to answer questions such as:

  • Is our house paying more than average for a given operating expense (e.g. electricity, trash pickup, etc.)
  • How does the cost of living in our house compare to living in the dorms or the average FSILG?

In 2012, the housebill analysis was conducted again, to build upon the success of previous Housebill Surveys and Analyses, and to continue to build historical trend information that will be useful to all members.

Housebill Analysis – 2012

The 2012 Housebill Survey is now ready for member participation! This year’s confidential survey can be found HERE.

Housebill Analysis – 2011

The results of the 2011 Housebill Survey (for which we had excellent participation – almost all houses participated) have been distributed to each house’s online FCI document locker, which you can find by logging in at: http://inside.fsilg.coop (If you are unsure of your username / password, contact Scott Klemm at s k l e m m (at) fsilg.coop.) Located in the “Other Documents” section of your locker you should find:

  • “2011 AILG Housebill Analysis – Full Report” – the full report containing all charts, narrative and anonymous, summarized data
  • “2011 AILG Housebill Analysis” – a personalized report for your own organization that details your own organization’s data
  • The 2009 and 2010 versions of both of these documents are also in your locker

Operating Expense Analysis – 2009

A preliminary analysis of FSILG operating expense data has been performed using FY2007 data (with some historical comparisons to FY06 and FY05). We hope to place an electronic version of this very informative report in your online (password protected) FCI locker soon, once the report is finalized. We are also hoping to update this analysis periodically with the addition of new year data.

Long-Term Maintenance Funding Study

The Finance Committee has started to look at the topic of what member organizations are doing to set-aside funds for long-term maintenance / capital improvement. A goal being to help identify “best practices” and perhaps some sort of financial model that can help member organizations be thoughtful about financial planning for long-term maintenance and capital needs. If you have suggestions or requests regarding this study, please contact Rich Possemato (posse (at) alum.mit.edu).

Data Privacy

Information produced and shared as part of this Financial Study will only be presented anonymously and will not be identified by specific house.

For More Information

If you have any questions, comments or suggestions about the Housebill Survey or Financial Study, please contact Rich Possemato (p o s s e (at) alum.mit.edu).