Budget & Finances
Before the beginning of each fiscal year the President shall prepare budget estimates on income and expenses for review by the Executive Committee. The Committee will make any changes it deems advisable and then forward the proposed budget to the Board of Directors for presentation and review. The final approval of the budget occurs at the next regularly scheduled Board meeting. The budget shall contain all items of expense anticipated in carrying out the Business Plan adopted by the Board.
After approval of the budget by the Board of Directors, it shall be the responsibility of the President to supervise receipts and make disbursements within limits set by the budget. Variations from the fixed budget must be approved by the Board of Directors.
An audit or review by a public accountant shall be made of the organization each year.