The annual budget will be prepared by the Officers and approved by the Board of Directors at the Annual Board Meeting. Disbursements of funds against budget items may be made by the Treasurer without additional review or approval by the Board of Directors.
Section 7.02 Expenditures in Excess of the Annual Budget.
For expenditures in excess of the annual budget, authorization must be approved by the Board of Directors.
Article 8 Fiscal Year
The fiscal year of the Corporation shall end January 31st of each year.