ΜΒΨ Policy Library

Mu Beta Psi, National Honorary Musical Fraternity

User Tools

Site Tools

You are here: Fraternal Policy Library » Policies » Chapter Policies » Nu Chapter Policies » Nu Chapter Finance Policy

Sidebar

Announcements

Full text of June 6 resolution addressing racism, bias, and social justice now available:

COVID-19 Recommendations and Resolutions now available:

Under Review

No National policies are currently under review.

policies:chapters:nu:finance

This is an old revision of the document!

Table of Contents

Nu Chapter Finance Policy

Section 1: Duties of the Treasurer


    1. To collect and receive all funds due the Fraternity.
    2. To disburse funds as the Fraternity designates
    3. To maintain accurate records of all financial activities and render a report from them whenever called upon by the President.
    4. To present all financial records to the Executive Committee for auditing one (1) week before the expiration of the term of office.
    5. To supply the Brotherhood with a written report of the funds at the end of each semester.
    6. To supply the Brotherhood with a Balance of the Bank Account and Cash Box at ever meeting.
    7. To serve as Chapter Representative on the National Finance Committee (NFC)

Section 2: Financial Records


    1. The records shall consist of:
      1. Bank Account balance(s)
      2. Cash Box
      3. Statements of disbursements and received payments
    2. When called upon the Treasurer shall submit Nu Chapter's financial records to:
      1. The President
      2. The Brotherhood
      3. The National Treasurer
      4. The Chief Financial Officer

Section 3. Nu Chapter Budget


    1. The Treasurer shall solicit budget requests from all committees within one week of committees being established.
    2. The Treasurer shall present a semester budget to the Fraternity for approval at the meeting following the deadline for budget requests.
      1. Objections with discussed reason shall be overturned by a WOTB vote
      2. Objected budgets shall be brought back to the Treasurer and re-evaluated. Re-submission and approval shall be at the following meeting.
    3. The outline for the budget being created should reflect the outcome of the semester prior as well as the current fiscal situation of the Fraternity.

Section 4: Dues


    1. Dues shall be collected by the Treasurer and notated in the financial ledger of the Fraternity.
    2. National dues shall be dictated by the National organization.
    3. Local dues shall be twenty-five ($25) per semester
    4. The Treasurer shall be responsible for sending Dues and the Roster to the National Organization by the national deadline for dues every semester
    5. Any Brother who does not pay dues by the national deadline shall be automatically placed on Forced Inactive Status, unless they have established a payment plan in accordance with Section 5
policies/chapters/nu/finance.1497538234.txt.gz · Last modified: 2018/04/12 23:50 (external edit)

Page Tools

Donate Powered by PHP Valid HTML5 Valid CSS Driven by DokuWiki