CHAPTER 6 : Finance

39. The activities of the G.A.A. shall be financed by:
A) Fees paid by the members of the G.A.A.;
B) Voluntary contributions and gifts;
C) Contributions from programs sponsored by the G.A.A.

40. Fees of the G.A.A.
The admission and other fees to the G.A.A. for regular members and from guest members shall be as stipulated in the Financial Regulations of the G.A.A.

41. The funds belonging to the G.A.A. shall be kept in a bank in Kathmandu. The bank account shall be operated jointly by two of three officials as stipulated in the Financial Regulation of the G.A.A.

42. The Treasurer of the G.A.A shall have authority and responsibilities as stipulated in the Financial Regulation of the G.A.A.

43. Authority of the Executive Committee for expenditure of funds shall be governed by the Financial Regulations of the G.A.A.

44. All transactions, receipt and payments must be duly supported by vouchers. The Treasurer’s monthly account must be published in the G.A.A. bulletin. The G.A.A. accounts shall be open to inspection by any member of the G.A.A. after getting permission of the Executive Committee.

45. If the Treasurer leaves his office before his term expires, he must turn over all his account to the satisfaction of the Moderator.

46. The fiscal year for the G.A.A. runs from the 1st of Baishakh to the end of Chaitra. At the end of this fiscal year, the Treasurer’s account must be audited by the auditor appointed by the General Body of the G.A.A. The audited report must be presented to the members at the Annual Business Meeting.

47. A new Treasurer will at no time accept responsibility for expenditures made before he enters office. The retiring Treasurer must hand over his money and accounts to the satisfaction of the new Treasurer.