06-10-2002 Council Packet - Laserfiche WebLink

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Article VI Finances. Section I. Fiscal Year. The fiscal year of the League shall be from September 1 through August 31 of the following year. Section 2. Duties of Secrctarv«Treasurcr. The Executive Director shall act as the Treasurer and handle all League funds. The Executive Director shall prepare an annual budget of revenues and expenditures for consideration bv the Board of Directors and shall limit expenditures to the total budget approved bv the Board of Directors and anv fiscal policies adopted bv the Board. Section 3. Audit. The Executive Director shall have an audit of the accounts and finances of the League conducted at the end of each fiscal year. The audit shall be conducted bv a certified public accountant selected bv the Board of Directors. The results of each annual audit shall be provided to the Board of Directors for its review and acceptance. Section 4. Finance Committee. Section 9. A budg et committee shal l b e appointed by Tthe President shall appoint a finance committee, subject to approval of the Board of Pirectors.r-The budget commiMi«is to b e comprised of two city officials from each oonpressional district and th e board of directors fu st vice president. The First Vice President shall serve as Ghaif chair ofthe committee. Budget committee memb ers will serve-for o term of thr ee years and-terms shall b e staggered. To initiate th e staggered terms,- in 1992-th e president shall appoint six people to serve a thr ee yeor term, five people to serve a two year term, ojkI five people to serveo one year term; Vacancies sholl b e filled for th e remainder of tiie term by appointment by th e president. The finance budget committee shall review League finances and services, study the League’s dues structure, and recommend to the Bboard of Ddirectors a budget for each fiscal year, receive and review the annual audit results, confer with the auditor and perform such other financial functions as the President and Board of Directors mav direct. Additionally, special committees moy be authoriz ed by the board of directors for th e purpose of-studying municipal problems' conducting schools, making legislative recemmendations, or oth er appropriate League service. Th e cha ir of each such committee oppointed by the president sha ll, on th e completion of th e committee’s work, make o report to th e board of directors.-convention, or legislative conference in such ibrm os the e.secutiv e directorE.xecutiv e Director moy request. ARTICLE VII Meetings Section 1. Annual Conference. The League shall hold an Annual Conference on the dates and at a place fixed bv the Board of Directors, general, statewide cnnyt^ntimi