BANKING

The Chapter shall open and maintain such banking accounts as are, or may be, from time to time authorized by the Board of Directors. Typically, the Chapter shall maintain a checking account and a certificate of deposit or other savings account. All such accounts shall be under the day-to-day control of the duly elected Chapter Treasurer.

CHECK SIGNING

The following duly elected Chapter Officers shall be authorized to sign checks during their tenure in office:

·         Treasurer

·         President

·         Vice President

Checks shall be issued only in the conduct of Chapter business and for legitimate Chapter purposes in the furtherance of it’s objectives.

BANK STATEMENTS

All bank statements shall be reconciled within 30 days of receipt, and such records of reconciliation and the checks substantiating same shall be retained for not less than 7 years by the current Treasurer. All such records shall be, in turn, given to the incumbent Treasurer by the predecessor in the office.

SAVINGS DEPOSIT ACCOUNTS

The following officers shall be authorized to transact business as regards investments of the Chapter, including but not limited to Certificates of Deposit and savings accounts:

·         Treasurer

·         President

·         Vice President

RECORD KEEPING

The following verification records shall be maintained by the Treasurer and turned over to the successor in the office:

·         All receipts, bills, invoices, charge slips or other documentation substantiating any payments made by the Chapter.

·         All checks, statements, deposit slips, and deposit receipts.

·         Tax or related information returns