Article VIII FINANCE
Clause:
1. There shall be three member committee serve as signatories to the
association’s bank account with the Principal signatory being the
Chairman.
Section
1) There shall be two separate accounts run by the family.
2) Current Account and Investment Account shall be run by
the association in any bank agreed on.
3) Funds accumulated by the association shall be disbursed
by the financial secretary/Treasurer in consultation with
the executives.
4) After every meeting, money received in the form of Dues,
Silver Collection.
5) Fundraising and Gifts shall be taken to the bank on the next
day.
6) An impress of GHc 100 shall be kept with the Treasurer
for basic purchases.
2. Funds Disbursement shall be day to day management activity of the
family.
1) Funds needed for running the day to day management of the
association shall be from the impress, but, where the budget
exceeds the impress, a cheque shall be issued for
withdrawal.
2) The executives shall lobby some individuals to donate; kind
or in cash to support an activity.
3. Signatories to the association’s account shall be change every four (4)
years within the first two weeks after election of new officers,
especially when the signatories are going out.
