1.06 Bank Accounts

Q: 1.06 Bank Accounts

Section No. 1.00: GOVERNANCE Policy No. 1.06: Bank Accounts Page 1 of 1 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:

Section No. 1.00: GOVERNANCE	Policy No. 1.06: Bank Accounts
Page 1 of 1
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: