B. Limitations on Authority. No action by Councils shall be binding upon, or constitute an expression of, the policy of the Corporation. Councils are advisory in nature and shall not have and shall not purport to exercise any independent authority or powers over the affairs of the Corporation. C. Practices and Procedures Each Council shall develop its own written statement of procedures, the provisions of which shall not be inconsistent with the provisions of the Articles of Incorporation, the Bylaws and the policies of the Corporation. The practices and procedures shall include provisions with respect to size, meetings, and responsibilities. ARTICLE VIII FINANCES Section 1: Funds All monies paid to the Corporation shall be placed in a general operating fund unless otherwise directed by the Board of Directors. No funds received by donation shall be diverted from the use to which they may be assigned by the donor, unless such use is contrary to or in conflict with the purposes of the Corporation, and no funds shall be used for any purpose other than to affect the purposes of the Corporation. The Corporation may, and shall, where appropriate, maintain separate accounts for different committees or programs. Section 2: Budget As soon as possible after election of the new Board of Directors and Officers and before the end of July, the beginning of the new fiscal year, the Board of Directors shall adopt the budget for the coming year. Section 3: Disbursements No debt or obligation whatsoever for the payment of money or other things of value shall be created or incurred by any officer, employee or agent of this Corporation, or other person, and no money shall be appropriated or paid out of the general fund, and no contract or other act whatsoever of any officer or employee or agent of this Corporation or other person, by the terms or result of which any debt or obligation whatsoever is created, shall be in any manner binding upon the Corporation unless the same is authorized by provision therefor in the budget of the Corporation, or unless the same respectively, be authorized or directed or ratified by the Board of Directors in regular or special meeting called for that purpose. Disbursement shall be by check. Section 4: Fiscal Year The fiscal year of the Corporation shall open August 1 and close on July 31.
B. Limitations on Authority. No action by Councils shall be binding upon, or constitute an expression of, the policy of the Corporation. Councils are advisory in nature and shall not have and shall not purport to exercise any independent authority or powers over the affairs of the Corporation. C. Practices and Procedures Each Council shall develop its own written statement of procedures, the provisions of which shall not be inconsistent with the provisions of the Articles of Incorporation, the Bylaws and the policies of the Corporation. The practices and procedures shall include provisions with respect to size, meetings, and responsibilities. ARTICLE VIII FINANCES Section 1: Funds All monies paid to the Corporation shall be placed in a general operating fund unless otherwise directed by the Board of Directors. No funds received by donation shall be diverted from the use to which they may be assigned by the donor, unless such use is contrary to or in conflict with the purposes of the Corporation, and no funds shall be used for any purpose other than to affect the purposes of the Corporation. The Corporation may, and shall, where appropriate, maintain separate accounts for different committees or programs. Section 2: Budget As soon as possible after election of the new Board of Directors and Officers and before the end of July, the beginning of the new fiscal year, the Board of Directors shall adopt the budget for the coming year. Section 3: Disbursements No debt or obligation whatsoever for the payment of money or other things of value shall be created or incurred by any officer, employee or agent of this Corporation, or other person, and no money shall be appropriated or paid out of the general fund, and no contract or other act whatsoever of any officer or employee or agent of this Corporation or other person, by the terms or result of which any debt or obligation whatsoever is created, shall be in any manner binding upon the Corporation unless the same is authorized by provision therefor in the budget of the Corporation, or unless the same respectively, be authorized or directed or ratified by the Board of Directors in regular or special meeting called for that purpose. Disbursement shall be by check. Section 4: Fiscal Year The fiscal year of the Corporation shall open August 1 and close on July 31.