Fiscal

Fiscal Committee page includes:

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4.6 – Treasurer. The Treasurer shall be responsible for the corporate funds and securities; shall

see that full and accurate accounts of receipts and disbursements are kept in books belonging to

the Corporation; shall see that all monies and valuable effects of the Corporation are deposited in

its name and to its credit in such depositories and with such rights of withdrawal and access as

may be designated by the Board of Directors. The funds shall be disbursed as ordered by the

Board of Directors, and the Treasurer shall render to the Board and the members of the

Corporation whenever they shall require it an account of all transactions and of the financial

condition of the Corporation.

4.7 – Assistant Treasurer. When so appointed, an Assistant Treasurer shall assume such duties as

may be requested by the Treasurer or as assigned by the Board of Directors. In the case of

absence or inability of the Treasurer, the full duties of the Treasurer shall be performed by the

Assistant Treasurer.

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5.4 Fiscal Management Committee. The Fiscal Management Committee is responsible for creating

and revising as needed the fiscal management policies of the Corporation and for creating the

annual budget of the Corporation for approval by the Corporation at its meeting prior to the

commencement of the fiscal year, and for proposing as may be needed modifications to the budget

during the course of the fiscal year, and shall have such other duties as may be assigned by the

Corporation. The Fiscal Management Committee shall understand the organization’s internal

controls and have policies in place to update them as needed and periodically review the

organization’s insurance coverage and determine its adequacy. The Treasurer is a member of this

committee ex officio.

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6.1 – Fiscal Management. The Corporation shall approve an annual budget and shall

require periodic reports of receipts, expenditures, and all other financial transactions.

A verified or certified report of the Corporation’s financial affairs shall be made available annually to

the Corporation members and to New York Yearly Meeting.

6.2 – Contributions. The Board of Directors may accept on behalf of the Corporation any

contribution, gift or bequest for the general purposes, or any special purpose of the Corporation.

6.3 – Investments. The funds of the Corporation may be retained in whole or in part in cash or

invested and reinvested from time to time in property (real, personal and otherwise) or in stocks,

bonds or other securities, as the Board of Directors may deem desirable.

6.4 – Delegation of Investment Management. In the exercise of due diligence, the Board of

Directors may contract with an delegate to committees, officers, employees or agents (including

investment advisors, counsel, managers, banks or trust companies) the authority to act in place of

the Board, in investment and reinvestment of the Corporation’s funds. The Board of Directors may

authorize payment of compensation for such investment services, provided that any contract for

such investment services may be terminated by the Board of Directors at any time, without penalty,

upon not more than 60 days notice.

6.6 – Contracts. The Board of Directors may authorize any officer or officers, agent or agents of

the Corporation, in addition to the officers so authorized by these bylaws to enter into any contract

or execute or deliver any instrument, in the name of and on behalf of the Corporation.

6.7 – Fiscal Year. The fiscal year of the Corporation shall commence May first and shall end on

April 30th of each calendar year.