Re: Computerbank Constitution

[Kylie Davies <beckster@warehouse.net>]

David,

I have forwarded your comments and suggestions on to Clayton Utz.

Thanks, 

Kylie


>
>********
>24.1. The Treasurer shall keep correct accounts and
>books showing the financial affairs of the Association
>with full details of receipts and expenditures
>connected with the activities of the Association.
>
>Comment:
>
>Should read:
>
>"..... full details of receipts and payments and the
>assets and liabilities connected with ....."
>
>There are statements of "Receipt and Payments" or
>"Income and Expenditure" (not Expenditures - plural)
>
>[Unfortunately Quicken insists on Receipts and
>Expenditure!! and I strongly disagree.]
>
>There is not "Receipts and Expenditure" nor "Income and
>Payments".
>
>When you are reporting just what cash come in and out
>it is Receipts and Payments (cash accounting).
>When you are reporting what should have come in and out
>it is Income and Expenditure (accrual accounting).
>
>Many years ago I had an important legal obligation to
>be absolutely sure about this distinction!  I am not
>just showing off!
>
>
>********
>27.2. The Auditor shall inspect the membership roll,
>audit the annual statement of accounts and balance
>sheet and certify the same.
>
>Comment:
>
>A balance sheet is one of the statement of accounts
>documents - should read
>
>" ...... membership roll, audit the financial
>statements and certify the same"
>
>
>********
>27.3. The Auditor shall not be a Committee Member nor a
>relative of the Treasurer.
>
>Horrors - not my girl friend?  Well, she's not a
>relative.
>
>If you want to put this in it should not say relative.
>What is "a relative"? Bad drafting.
>
>Try "a person associated with"
>
>David Totterdell
>
>
>
>