REN-ISAC financial principles are described in the Charter.

To provide for long-term sustainability and to support growth of services and membership, a modest annual membership fee is charged. The fee is per institution, regardless of the number of member representatives. The scope of "institution" when applied to multi-campus systems is described in section 3.2 of the Membership Terms and Conditions.

At the end of lengthy analysis in 2008 we decided, based on the services being delivered and those being planned, to set the fee at $700/$900 per institution (General/XSec). Then the downturn of the economy happened. Recognizing the financial challenges faced by most institutions, we decided to scale back to 50% of that planned fee for FY 2009/2010 and to reevaluate at the next FY.

For FY 2010/2011 (the FY starting in July 2010), we have decided to continue at the 50% rate. Although FY 2011/2012 is a way off, we fully anticipate that the fee for that FY will rise to the originally planned rate. Accordingly, the fee for FY 2010/11 is $450/350, XSec and General membership respectively.

Annually, billing for the coming FY occurs in May, with payment due by August 1.

New members receive pro-rated invoices for the FY in which they join.

The fees will be re-evaluated each year, and communicated to members during the first calendar quarter.