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Guest Lynn

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The treasurer's report actually should never be formally accepted. The treasurer simply gives the report, the president thanks the treasurer for the report and then moves on to the next item of business. At most, the chair could say the treasurer's report will be placed on file, but that is something that should happen anyway.

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28 minutes ago, Guest Zev said:

The Treasurer's report should be referred to an auditing committee, and it is the auditing committee's report that is accepted or rejected.

Well... sorta...  an annual report of all the association's transactions is part of Annual Meeting (or fiscal year) business  --  that is what should be referred to an Audit Committee (or the like) for careful review.   Monthly "updates" need not be audited (unless the association really wants to keep tabs on the Treasurer, for whatever reason.)

See page 477.

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