ARTICLE XV. FINANCE

The fiscal year of the district shall begin on the first day of October 1 and terminate on the following September 30. Not later than October 15, the District Board of Trustees shall approve a budget of estimated revenues and expenses, including capital expenditures, for the year. All disbursements shall be made solely by voucher check, which shall show the payee, the items of service rendered or material purchased and the amount of payment. Total disbursements in any year shall not exceed the gross amount of the budget adopted by the District Board of Trustees in such year. The books of account of the district shall be audited at least once each administrative year by an independent auditing firm named by the Board of Trustees. A copy of the certified audit report shall be sent to the Kiwanis International Executive Director by March 31 and to members of the current District Board of Trustees. The District Board of Trustees shall determine the official depository or depositories and shall designate those persons who shall sign checks. The Board of Trustees shall designate the official or officials who shall sign checks, and in case the Treasurer is unable to countersign checks, shall designate one who will act as a substitute. The necessary traveling expenses of all district officers, when engaged in the business of the district, may be paid by the district in accordance with the provisions of the budget. The necessary expenses of the Governor incurred in attending the Convention, Council, and any conference of Kiwanis International may be paid by the District.The District shall issue a bulletin which shall be mailed to all members of chartered clubs within the district at stated intervals of not more than sixty (60) days.

Section 1.

The fiscal year of the district shall begin on the first day of October 1 and terminate on the following September 30.

Section 2.

Not later than October 15, the District Board of Trustees shall approve a budget of estimated revenues and expenses, including capital expenditures, for the year.

Section 3.

All disbursements shall be made solely by voucher check, which shall show the payee, the items of service rendered or material purchased and the amount of payment. Total disbursements in any year shall not exceed the gross amount of the budget adopted by the District Board of Trustees in such year.

Section 4.

The books of account of the district shall be audited at least once each administrative year by an independent auditing firm named by the Board of Trustees. A copy of the certified audit report shall be sent to the Kiwanis International Executive Director by March 31 and to members of the current District Board of Trustees.

Section 5.

The District Board of Trustees shall determine the official depository or depositories and shall designate those persons who shall sign checks.

Section 6.

The Board of Trustees shall designate the official or officials who shall sign checks, and in case the Treasurer is unable to countersign checks, shall designate one who will act as a substitute.

Section 7.

The necessary traveling expenses of all district officers, when engaged in the business of the district, may be paid by the district in accordance with the provisions of the budget.

Section 8.

The necessary expenses of the Governor incurred in attending the Convention, Council, and any conference of Kiwanis International may be paid by the District.

ARTICLE XVI. BULLETIN

Section 1.

T he District shall issue a bulletin which shall be mailed to all members of chartered clubs within the district at stated intervals of not more than sixty (60) days.