Created by PA4RM

11. EXPENDITURES

a) Ordinary monthly operating expenditures not exceeding a total of $150.00 per month may be authorized by the President or the Vice-President and the Treasurer or the Secretary. In addition to ordinary monthly expenditures of the Club there shall be available to the Treasurer the sum of $500.00 for extraordinary expenditures. Extraordinary expenditures not exceeding $500.00 shall be approved by the President and the Treasurer. Any other expenditure must be approved by a General Meeting of members;

b) At the September Membership Meeting the Executive shall present the membership, for approval, a financial operating budget for the Club for the current fiscal year;

c) The budget will consist of an income and expenditure projection and a balance sheet. The budget will include an account for the repair and maintenance of club assets;

d) Any expenditures not in the budget must be approved by the membership at a General Meeting;

e) Signing authority shall be two of the following executives: President, Vice-President, Secretary, or Treasurer;

f) In the event of a death of a member in good standing of NPARC, the Executive, on behalf of the Club will make a donation of $50.00 to a charity chosen by the deceased member’s family.

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