Bylaws › SECTION VIII

 

SECTION VIII

FINANCIAL REGULATIONS

 

1.   Annual Audit:  An audit of the State Party’s finances will be completed each year by a certified public accountant.  The audit shall be performed in January or February for the previous year.  The CPA firm will furnish written and oral reports on the assessment of the Party’s finances and transactions.

 

2.   Check Signing:  The Executive Director shall not be authorized to sign checks.

 

3.   Expenditure Limit:  No obligation or expenditure in excess of $2,500.00 that was not authorized in the annual budget may be made by the Chairman, Executive Director, or other party officer without the approval of the State Executive Board.