Tuesday, October 10
Article 9. Finances
9.1 Fiscal Year shall coincide with Membership Year, and shall begin on the first day of January and end on the 31st day of December in any given calendar year.
9.2 Accounts. The accounts of the Group shall be kept with a financial institution carrying a legal business within Canada, and approved by resolution at each Annual General Meeting. The President and Treasurer (or designates, as may from time to time be necessary) shall retain joint signing authority for any disbursements.
9.3 Audit. The Treasurer shall, at least once yearly, submit an accounting of the finances of the Group to not less than two (2) Active Members, who do not sit on the Executive, for review. A full external audit shall be undertaken upon resolution at an Executive or General Meeting.
(9.4 Indemnity for Executive Members? Directors’ Insurance?? Anyone know how this works??)
9.2 Accounts. The accounts of the Group shall be kept with a financial institution carrying a legal business within Canada, and approved by resolution at each Annual General Meeting. The President and Treasurer (or designates, as may from time to time be necessary) shall retain joint signing authority for any disbursements.
9.3 Audit. The Treasurer shall, at least once yearly, submit an accounting of the finances of the Group to not less than two (2) Active Members, who do not sit on the Executive, for review. A full external audit shall be undertaken upon resolution at an Executive or General Meeting.
(9.4 Indemnity for Executive Members? Directors’ Insurance?? Anyone know how this works??)
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... should also make sure that there are no costs for handling an account in the institution for the treasurer...
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