Common use of Administration of Funds Clause in Contracts

Administration of Funds. a. The funds shall be administered on behalf of the Board by the Peace River South Teachers’ Association. i. Payments from the fund will be made by the treasurer of the Professional Development Committee. ii. Payments will be made in accordance with the regulations established within each unit and only on receipt of appropriate vouchers with accompanying receipts, where applicable. iii. The fund shall be subject to an annual audit and submitted to the Board’s auditor for analysis and subsequent presentation to the Board. iv. Each unit within the Union shall be responsible for professional development policies and procedures for the distribution of funds available to the unit. v. No policy or procedure developed by the unit shall be in conflict with the principles contained in the Declaration of Professional Development: Local Agreement Appendix “A”. vi. Decisions concerning the utilization of the Professional Growth Fund will be determined by the Board/Union Professional Growth Committee.

Administration of Funds. a. The funds shall be administered on behalf of the Board by the Peace River South Teachers’ Teachers‟ Association. i. Payments from the fund will be made by the treasurer of the Professional Development Committee. ii. Payments will be made in accordance with the regulations established within each unit and only on receipt of appropriate vouchers with accompanying receipts, where applicable. iii. The fund shall be subject to an annual audit and submitted to the Board’s Board‟s auditor for analysis and subsequent presentation to the Board. iv. Each unit within the Union shall be responsible for professional development policies and procedures for the distribution of funds available to the unit. v. No policy or procedure developed by the unit shall be in conflict with the principles contained in the Declaration of Professional Development: Local Agreement Appendix “A”. vi. Decisions concerning the utilization of the Professional Growth Fund will be determined by the Board/Union Professional Growth Committee.