ARTICLE IX

Accounts

Section I

a.      Fiscal year: The fiscal year of the Club will begin on the first day of January and end on the thirty-first day of December.

b.      Books:  The books of record will be properly maintained to reflect financial receipts, disbursements, balances, assets and liabilities of the Club.

c.      Audit:  The Executive Committee will select a Certified Public Accountant or audit committee to perform an annual audit of the books of the Club.

d.      Financial Statement:  At the next regular meeting or by Club publication, following the annual audit of the books, the Treasurer will submit the financial statement of the Club to the membership.

e.      Funds:  The funds of the Club will be deposited in a bank recommended by the Treasurer and designated by vote of the Executive Committee.

f.        Financial Orders: the President or Treasurer will sign Checks and other financial orders for the payment of monies in the name of the Club. Checks for payments in excess of $250 will be reviewed and approved by two members of the Executive Committee prior to disbursement.  The Executive Committee must approve expenses or commitments in excess of $1,000.