Bylaws   

Texas Computer Education Association

ByLaws

ARTICLE XIII.  FINANCE

Section 1.  Fiscal Period

        The fiscal year and the administrative year for this Association will be from April 1 to March 31.

Section 2.  Bonding

        Trust or surety bonds shall be furnished for members of the Board of Directors or employees of the Association as the Board of Directors shall direct.  The amount of such bonds shall be determined by the Board and the cost paid by the Association.

Section 3.  Budget

        The Board of Directors shall adopt an annual operating budget covering all activities of the Association. A financial report of the fiscal year just completed is available upon request by any Regular Member.

Section 4.  Funds

        The Association funds will be deposited by the Executive Director in such banking institutions as are approved by the Board of Directors. These funds include those of the Board of Directors, the Area Councils, the Local Chapters, and any Special Interest Groups.

Section 5.  Compiled Financial Statement

        The accounts of the Association shall be subject to an annual compiled financial statement by a professional individual(s) with demonstrated knowledge of established accounting procedures.  The individual(s) conducting the compiled financial statement shall be approved by the Board of Directors prior to conducting the annual compiled financial statement.