-7.3.8 Generally Accepted Accounting Principles -7.3.8.1 The District and records shall be maintained in accordance with generally accepted accounting principles and with proper internal controls. Fiscal Year -7.3.8.2 The fiscal year of the District begins on October 1 and ends on September 30. Inspection -7.3.8.3 The and records of the District Secretary and/or the Treasurer, and any of the Service Leadership organizations, at all times, shall be open for inspection by the Finance Committee, the Finance Committee Chair, the Board of Trustees, or the Governor. Closing of Books and Records -7.3.8.4 By November 15, every effort shall be made by the District Secretary and Treasurer to account for all of the prior year’s receipts and expenses to permit the closing of the books and records, and to process any excess funds (or deficits) increasing (or decreasing) the general fund. -7.3.9 District Signing Officers be any two of the following: District Secretary-Treasurer, Governor, Governor-elect, Vice Governor, Immediate Past Governor, a member of the Board of Trustees or a District Office staff member or any other member of the Board of Trustees approved by the Board. Signing -7.3.9.1 The District Secretary-Treasurer is authorized as the single signing authority for cheques up to a value set by the Board of Trustees from time to time and shown in the Appendix C - Schedule of Payment Amounts. -7.3.10 Receipt of Funds -7.3.10.1 All funds received shall be deposited within three (3) workdays in regular commercial accounts by the District Administrator, who shall turn over promptly to the District Secretary-Treasurer, a duplicate deposit receipt and transmittal details. Funds shall not be deposited in any special commercial accounts except as approved by the Finance Committee,
-7.3.8 Generally Accepted Accounting Principles -7.3.8.1 The District and records shall be maintained in accordance with generally accepted accounting principles and with proper internal controls. Fiscal Year -7.3.8.2 The fiscal year of the District begins on October 1 and ends on September 30. Inspection -7.3.8.3 The and records of the District Secretary and/or the Treasurer, and any of the Service Leadership organizations, at all times, shall be open for inspection by the Finance Committee, the Finance Committee Chair, the Board of Trustees, or the Governor. Closing of Books and Records -7.3.8.4 By November 15, every effort shall be made by the District Secretary and Treasurer to account for all of the prior year’s receipts and expenses to permit the closing of the books and records, and to process any excess funds (or deficits) increasing (or decreasing) the general fund. -7.3.9 District Signing Officers be any two of the following: District Secretary-Treasurer, Governor, Governor-elect, Vice Governor, Immediate Past Governor, a member of the Board of Trustees or a District Office staff member or any other member of the Board of Trustees approved by the Board. Signing -7.3.9.1 The District Secretary-Treasurer is authorized as the single signing authority for cheques up to a value set by the Board of Trustees from time to time and shown in the Appendix C - Schedule of Payment Amounts. -7.3.10 Receipt of Funds -7.3.10.1 All funds received shall be deposited within three (3) workdays in regular commercial accounts by the District Administrator, who shall turn over promptly to the District Secretary-Treasurer, a duplicate deposit receipt and transmittal details. Funds shall not be deposited in any special commercial accounts except as approved by the Finance Committee,
Approved-Policies-Procedures-Sep-1-2017-.docx