Global Health Activism Network Constitution

Article XIV

Financial Administration
Section 1: Fiscal Year.
The fiscal year of the Network shall be October 1 through September 30 but may be changed by resolution of the Council.

Section 2: Checks, Drafts, etc.
All checks, orders for the payment of money, and insurance certificates shall be signed or endorsed by such officer/s or agent/s of the Network and in such manner as shall from time to time be determined by resolution of the Council or of any committee to which such authority has been expressly delegated by the Council.


Section 3: Contracts.
Unless the Council determines otherwise by resolution, the CEO/President, Secretary, Treasurer, Council Chair and Chair of the Executive Committee shall all be authorized to execute contracts on behalf of the Network. Each such individual may, with written notice to the Council, delegate such authority to such employees or volunteers and with such limitations upon the delegated authority as may be necessary or expedient for running the affairs of the Network. Unless otherwise expressly determined by the Council, no other individuals shall be authorized to bind the Network to any contract, including the chair of any committee other than the Executive Committee.

Section 4: Deposits and Accounts.

All funds of the Network, not otherwise employed, shall be deposited from time to time in general or special accounts in such banks, trust companies, or other depositories as the Council or any committee to which such authority has been delegated by the Council may select, or as may be selected by any officer/s or agent/s of the Network, to whom such power may from time to time be delegated by the Council. For the purpose of deposit and for the purpose of collection for that account for the Network, checks, drafts, and other orders of the Network may be endorsed, assigned, and delivered on behalf of the Network by any officer/s or agent/s of the Network.


Section 5: Annual Financial Statements.

Complete financial statements prepared in conformity with generally accepted accounting principles, and according to government auditing standards and accompanied by an audit report of an independent certified public accountant, shall be presented to and reviewed by the Council as soon as practicable after the close of each fiscal year.

 

 

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