Budget Procedures. A. The Executive Director and Designated Staff shall be responsible for the finances of the Association using accepted accounting practices. The Board of Directors is accountable to the membership for the establishment and oversight of all fiscal policies and practices. B. The budget process shall be year-round based on a fiscal year beginning July 1 and ending on June 30. The Board of Directors shall adopt the annual budget no later than May 15 of each year. The Board of Directors shall receive quarterly financial reports, and, at its discretion, may order additional financial reports. C. Fiscal policies shall be adopted and revised by the Board of Directors. D. The Executive Director and Designated Staff shall develop fiscal procedures as required by law and adopted by the Board of Directors.
Appears in 7 contracts
Samples: Joint Powers Agreement, Joint Powers Agreement, Joint Powers Agreement
