Finances

Control and management

Needs to be modified to account for branch and Kingdom monies

1. The funds and property of SCANZ shall be -
   1. controlled, invested and disposed of by the committee, subject to this constitution, and
   2. devoted solely to the promotion of the purposes of SCANZ.
2. The committee shall maintain bank accounts in the name of SCANZ.
3. All money received on account of SCANZ shall be banked within XXX working days of receipt.
4. All accounts paid or for payment shall be submitted to the committee for approval of payment.
5. The committee must ensure that there are kept at all times accounting records that—
   1. correctly record the transactions of SCANZ, and
   2. allow SCANZ to produce financial statements that comply with the requirements of the Act, and
   3. would enable the financial statements to be readily and properly audited (if required under any legislation or SCANZ's constitution).
6. The committee must establish and maintain a satisfactory system of control of SCANZ's accounting records.
7. The accounting records must be kept in written form or in a form or manner that is easily accessible and convertible into written form. And the accounting records must be kept for the current accounting period and for the last 7 completed accounting periods of SCANZ.

Balance date

1. SCANZ's financial year shall commence on DD/MM of each year and end on DD/MM(the latter date being SCANZ’s balance date).