Bylaws of the Hundred Peaks Section
Section 6. Finances
- Receipt of Funds The Section may receive funds from the
Chapter, in a manner specified by the Chapter Executive Committee. The
Section may not assess nor collect dues from its members. Voluntary
contributions may be accepted and expended for supplies, equipment,
refreshments, prizes, or other expenses in a manner consistent with the
policies of the Chapter and Club.
- Subscriptions and Sales Reasonable subscription rates for the
Section newsletter shall be set from time to time by the Management
Committee. The Section may sell Section merchandise, such as patches and
pins, and such sales shall be accounted for and reported in the manner
specified by the Chapter and Club.
- Fund Raising Consistent with the policies or instructions of
the Chapter and Club, the Section may conduct fund raising and other
activities which require members, as well as others, to pay a fee to
participate.The Section may not raise money by direct mail appeals.
- Funding for Outings Section outings shall be conducted on an
independent financial basis, unless they are net fund-raising activities
authorized by the Management Committee and consistent with the policies
or instructions of the Chapter and Club. Section funds shall not be used
for outings unless derived from outings; however, the Management
Committee may authorize the Treasurer to make advances for the purpose
- Bank Accounts The Management Committee may authorize checking
and savings accounts at institutions insured by the FDIC and in the name
"Hundred Peaks Section, Angeles Chapter of the Sierra Club,"
and regulate withdrawals. The Treasurer shall maintain checking and
savings account statements and records. Either the Treasurer or the
Chair may sign checks and withdrawal requests. Upon a change of
officers, new signature cards shall be signed and presented promptly to
the appropriate financial institutions before checks can be signed or
withdrawals made by the new officers. No signatory shall sign a check
made payable to himself or herself. The Section shall account for all
Section funds to the Chapter.
- Deposit of Funds Unless otherwise specified by the Management
Committee or the Chapter Executive Committee, money received by the
Section shall be delivered to the Treasurer for deposit in Section
- Delegation of Authority Subject to these Bylaws and the Club
Bylaws, the Management Committee may delegate authority to Section
committees and may authorize expenditures by Section committees, but the
Management Committee shall retain responsibility and control. Any
committee so authorized must provide a proper accounting to the
Treasurer and Management Committee.
- Prohibitions Neither the Section nor any entity thereof may
borrow money or own real estate.
- Fiscal Year The fiscal year of the Section shall coincide
with the fiscal year of the Club.