Guest Liz Posted May 9, 2017 at 10:37 PM Report Share Posted May 9, 2017 at 10:37 PM If organization already has treasurer that oversees banking matters can two directors of seven start their own account? The money is money raised by club events. And if they can don't they have to do a financial report? Quote Link to comment Share on other sites More sharing options...
Joshua Katz Posted May 9, 2017 at 11:21 PM Report Share Posted May 9, 2017 at 11:21 PM RONR doesn't talk about bank accounts, although your own rules might. It seems rather commonsense to me, though, that two members of your board cannot open a private bank account and put organization funds in it - I think there's a word for that. It helps to remember that, aside from executive functions and those in your rules, members of a board have no actual power as individuals. Their power in the organization is to vote on board decisions. Quote Link to comment Share on other sites More sharing options...
Josh Martin Posted May 9, 2017 at 11:41 PM Report Share Posted May 9, 2017 at 11:41 PM 1 hour ago, Guest Liz said: If organization already has treasurer that oversees banking matters can two directors of seven start their own account? The money is money raised by club events. And if they can don't they have to do a financial report? Would say they could only start an account for the organization's funds if the board authorizes it. If authorized, the board can (and probably should) require some form of reporting - either a separate report or ordering the board members to cooperate with the treasurer so the new account can be included in his reports. Quote Link to comment Share on other sites More sharing options...
Recommended Posts