Changes

Finance Committee

164 bytes removed, 19:47, 1 April 2018
drop warning
Should a budget not be adopted before the start of the fiscal year (1 January), [[Headquarters Staff]] will discontinue all expenditures save those approved at each meeting of the Board. This may cause the Society to default on some debts, or to discontinue some programs.
The Board may adopt a "continuing resolution" to extend the prior year's budget on a pro-rata basis. While this may suffice for many routine expenses, there are a number of important annual payments this plan would not address (such as storage unit rent). The [[Board]] is admonished that under the current [[Contract]], the lack of a Society budget means the lack of a and [[Headquarters]], with the resultant termination of activities there!rent).
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