FINANCE

36. Any expenditure of the funds of the club shall be approved by the committee.

37. Club funds shall be kept in an approved financial institution. All cheques shall be signed by any two authorised signatories.

38. (A) Books and accounts of all club financial transactions shall be kept by the treasurer and audited accounts shall be presented at each AGM.

(B) The auditor shall be a professional accountant and shall not be a member of the club. He shall be appointed at each AGM.

(C) A report on the club finances shall be presented to the executive committee at the first meeting of every month by the treasurer.