Astronomical League Bylaws and Standing Resolutions
Standing Resolution #4: Financial Management
- Enacted 8/9/1977, at Boulder, Co.; Revised 8/15/1979,
at Portland, Or.; 7/2/1980, at Dallas, Tx., and 7/14/1992
at, San Jose, Ca.
- Audit - The President shall
appoint an annual committee which shall be empowered
to audit all of the accounts of the Astronomical
League, including the general treasury, the service
organizations, Trust Fund and Regions. It shall
issue a report to Council at the annual convention
covering the general treasury, and covering all
other accounts at least each three (3) years or,
by petition by the number of members required
to initiate a Bylaws change.
- Service Organizations - In
order to provide services to League members, the
following Service Organizations are authorized:
- The Book Service
- The Sales Service
- The Subscription Service
- The Educational Materials Committee
- The Program Materials Committee
- The Publications Committee
Each Service Organization
is authorized to set up its own bank account
for the transaction of business. The numbers
and locations of such accounts will be on file
with the Treasurer, who will be authorized to
withdraw funds from or close any such account.
Each Service Organization
and Committee shall submit an annual report
of its financial transactions to the League
Treasurer in addition to other reports, if requested.
The summary of the annual
report of each Service Organization or Committee
shall be included in the Treasurer's annual
financial report.
- Investment Income - It shall
be the policy of the Astronomical League to maintain
the minimum amount of money required for the efficient
transactions of business in non-interest bearing
accounts.
- Regions - Each Region shall
submit an annual financial report to the League
Treasurer by June 30, the end of the League's
fiscal year. The report shall include balances
at the beginning and end of the period, income
and expenditures. This report shall be included
in the Treasurer's annual financial report.
- Budget - Expenditures from
each line item in the budget shall be approved
by the appropriate officer or committee chair
before being paid by the treasurer.
Authority to exceed the budgeted
line item must be secured from the President
before expenditures are authorized or made.
Authority to exceed the authorized
budget must be secured from Council, but may
be done by mail.
It is the usual practice to
pay for all out-of-pocket expenses approved
by an officer or committee chair under the budget
upon submission of receipts, but in the case
of major approved expenditures or extenuating
circumstances, the bill may be submitted directly
to the Treasurer for payment or expense advances,
not to exceed one hundred ($100.00) dollars,
may be made. Full accounting of all advances
is required.
Astronomical League National Headquarters
9201 Ward Parkway; Suite 100
Kansas City, MO 64114
ALOffice@earthlink.net
1-816-333-7759
www.astroleague.org