Section No. 1.00: GOVERNANCE

Policy No. 1.06: Bank Accounts

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Approval Date: June 2020

Revised:

POLICY

Cash flow in the operational budgets will be managed through reconciliation of bank accounts.

PROCEDURES

The President and Treasurer approves the establishment of bank accounts.

The President and Treasurer will have signing authority for the account and checks will require one signature for banking transactions not exceeding $1000. For transactions equal to or in excess of $1000, two signatures will be required.

Accounts will be monitored by standard accounting practices and improper transactions will be immediately investigated, reported, and addressed by the Treasurer.

Responsibility of: President, Treasurer

Monitored by: Board of Directors

References:

Policy:

Appendix: