EFI Constitution - Continued

  • Chapters 1-4
  • Chapters 5
  • Chapters 6
  • Chapters 7
  • Chapters 8
  • Chapters 9-10
  • CHAPTER 8

    Article 21 (Management and financial control)

    1. Each financial period shall coincide with the fiscal year.
    2. The Executive Committee will ensure that proper financial records are kept in accordance with Article 8, para 4 by the Treasurer or his designated deputy.
    3. Within 6 months of end of the fiscal year the Executive Committee will ensure that a balance sheet and a profit and loss account are drawn up by the Treasurer or his designated deputy, and that an Activity Report is drawn up by the Secretary or his designated deputy.
    4. The Executive Committee shall as a whole approve the balance sheet and profit and loss account and shall submit these documents to an independent auditor nominated for this purpose by the President, Secretary and Treasurer acting together.
    5. The balance sheet, profit and loss account and all vouchers relating thereto shall be kept in the custody of the Executive Committee and be open for inspection at any reasonable time bytwo members of the General Assembly who have given at least two weeks notice of their intention and who have at the same time given reasons for their request.
    6. The General Assembly shall examine all accounts drawn up in accordance with para 1 to 3 of the present article and Activity Report and shall examine the report prepared by the independent auditor according to para 4 of the present article.
    7. Having approved all the documents examined in accordance with the preceding paragraph, the General Assembly shall discharge the Executive Committee from its financial responsibilities for the period in question.
    8. In the event of a general legal obligation to draw up annual accounts based on the legal financial year, the officers of EFI shall ensure that the necessary documents are prepared, submitted to an independent auditor and made available if requested to all members of the General Assembly.

    Article 22 (Responsibility for the budget)

    The Executive Committee shall examine and approve the prospective budget and programme drawn up by the Officers in accordance with Article 8, para 3 (b) and 4, and submit these documents to each meeting of the General Assembly.

    Article 23 (Responsibility for the future budget)

    The General Assembly shall examine the prospective budget and programme submitted by the Executive Committee in accordance with Article 22 within 3 months of their being drawn up with a view to modifying or adding to the objectives of EFI as the case may be.

     
       
     
       

    © The European Federation for Immunogenetics
    Page Created 10 July, 2002, Last Modified 6 April, 2005