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A. Fiscal Year. The fiscal year shall be from January 1 through December 31.
B. Chapter Funds
1. Signature Authority. The Treasurer or President shall sign all checks, drafts or other instruments for payment of Chapter money or notes up to $1000.00 for the Chapter. The Treasurer and President or the Treasurer and one other Officer approved by the Board shall sign all checks, drafts or other instruments for payment of money or notes of $1000.00 or greater for the Chapter. Writing multiple checks, drafts or other instruments for payment of Chapter money or notes to the same entity for the same purpose to avoid the two signature requirement is prohibited.
2. Expenditure Limits. Expenditure limits will be established and approved by the Board of Directors as set forth in the Chapter Operating Handbook.
C. Financial Examination.
The Chapter will conduct an examination of the financial records of the Chapter prior to the last scheduled Board meeting of the calendar year to review the Chapter’s financial activities since the prior examination. The Treasurer will present the Chapter Financial Books to an ad hoc Financial Examination Committee. Results of the financial examination will be reported to the Board of Directors for approval at the last scheduled Board meeting of the calendar year. The report or a summary thereof may also be presented to the membership at the first general membership meeting of the new calendar year.
D. Gifts and donations.
1. Authority. The Chapter is authorized to accept and receive contributions, donations, and grants from any and all sources.
2. Endorsement. Acceptance of any grant or gift – restricted or unrestricted – does not imply any form of endorsement by the Chapter for the source, services, products, or policies. Nor does it imply any benefit – past, present, or future – to be granted by the Chapter. Acceptance of any contract will not imply any endorsement, benefit or product beyond the deliverable services and products expressly contained in the contract.
3. Right of Refusal. It will be the general policy of the Chapter to accept contributions from any source. However, the Chapter retains the right to refuse any gift where, in the judgment of the Board of Directors, the reputation or perceived image of the grantor may be deemed injurious to the Chapter.