Difference between revisions of "National Constitution Article XVII"

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'''''Article Summary:''' Article XVII of the National Constitution defines the Chapter's fiscal year and provides banking, investment, and accounting guidelines.''
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'''''Article Summary:''' Article XVII of the National Constitution prescribes the reporting requirements of each Chapter.''
 
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== ARTICLE XVII: CHAPTER FINANCES ==
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== ARTICLE XVII: CHAPTER RECORDS AND REPORTS ==
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=== Section 1: Fiscal Year and Budget ===
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=== Section 1: Chapter Member Contact Information ===
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Each Chapter shall adopt the same fiscal year as Phi Sigma Pi. The financial policies of the Chapters shall be governed by a budget adopted at the beginning of each fiscal year.
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By dates established by the National Council, each Chapter shall submit to the National Office the names and addresses of the Active Members, Inactive Members and Honorary Members.
  
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=== Section 2: Charter Fees ===
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=== Section 2: New Member Information Form ===
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Each Chapter shall pay a Charter Fee, set by the National Council, before receiving the Chapter's Charter.  
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After each Induction, by dates established by the National Council, the Chapter Secretary shall submit to the National Office the New Member Information form.
  
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=== Section 3: Dues ===
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=== Section 3: Chapter Officers ===
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Each Chapter shall determine the Chapter's own Dues and the date for collection.
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The Chapter Secretary shall submit to the National Office, on or before the dates established by the National Council, the names of Officers elected for the ensuing year.
  
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=== Section 4: Accounts ===
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=== Section 4: Chapter Financial Reporting ===
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All cash funds of Chapter's shall be deposited in the name of the Chapter in institutions which are insured. Checks, drafts, and other items for collection, requiring endorsement, shall be endorsed in the name of the Chapter by the designated signers established by the Executive Board. All checks issued against any of the Chapter's accounts shall be conveyed over the signatures of two (2) designated signers on the account.
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The Chapter Treasurer shall submit to the National Office, by dates established by the National Council, the complete financial report for the year, attested by the Chapter President and Secretary, on the appropriate form.
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=== Section 5: Investments ===
 
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All bonds, securities, and other investments acquired by the Chapter shall be held in the name of the Chapter. All securities acquired by the Chapter shall be held for the account of the Chapter in an institution which shall be a member of the Federal Reserve System or insured by the Securities Investor Protection Corporation. All investment transactions, when authorized by the Executive Board, shall be conveyed over the signatures of two (2) designated signers on the account.
 
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=== Section 6: Annual Review (Audit) ===
 
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The Executive Board of each Chapter shall arrange for an annual review of the accounts of the Treasurer and shall send a copy of such review to the National Office.
 
  
 
{{National Constitution}}
 
{{National Constitution}}
 
[[Category:National Constitution]]
 
[[Category:National Constitution]]

Latest revision as of 19:40, 17 September 2017


Article Summary: Article XVII of the National Constitution prescribes the reporting requirements of each Chapter.

ARTICLE XVII: CHAPTER RECORDS AND REPORTS

Section 1: Chapter Member Contact Information

By dates established by the National Council, each Chapter shall submit to the National Office the names and addresses of the Active Members, Inactive Members and Honorary Members.

Section 2: New Member Information Form

After each Induction, by dates established by the National Council, the Chapter Secretary shall submit to the National Office the New Member Information form.

Section 3: Chapter Officers

The Chapter Secretary shall submit to the National Office, on or before the dates established by the National Council, the names of Officers elected for the ensuing year.

Section 4: Chapter Financial Reporting

The Chapter Treasurer shall submit to the National Office, by dates established by the National Council, the complete financial report for the year, attested by the Chapter President and Secretary, on the appropriate form.


Note: The National Constitution provided on the Phi Sigma Pi wiki is for informational purposes only, and may not accurately represent the current National Constitution in effect when this page is viewed. The official version of the National Constitution is maintained by Phi Sigma Pi on the National Website.
National Constitution
Article I · Article II · Article III · Article IV · Article V · Article VI · Article VII · Article VIII · Article IX · Article X · Article XI · Article XII · Article XIII · Article XIV · Article XV · Article XVI · Article XVII · Article XVIII · Article XIX · Article XX · Article XXI · Article XXII · Article XXIII · Article XXIV · Article XXV
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