By-Law Changes

Our membership has voted in favor of the by-law change as follows:

The Board proposes By-laws Article VI, Cash and Fund Management, be amended to (1) include an annual Board of Directors budget review and approval of planned expenditures for key activities and functions; and (2) stipulate that expenditures over $2,000 be approved at the Annual Membership Meeting. The specific amendment language follows.

VI, A: currently reads

No debts or financial obligations less than $1,000 may be incurred except by approval of the Board, or under exceptions granted in Article VI-C [purchase or redemption of CDs] or Article VI-D [Treasurer’s purchase of supplies under $75].

VI, A: proposed amendment, current language deleted and replaced with...

A budget of planned expenditures for the coming fiscal year for each activity and function will be reviewed and approved by a majority of the Board at its September meeting. Requested expenditures not budgeted will be discussed for approval at Board meetings throughout the year. Email correspondence may be considered Board member approval for these purposes. The Treasurer will authorize payment of Board-approved expenditures.

VI, B: currently reads

All debts or financial obligations in excess of $1.000 require approval of the membership at the Annual Meeting.

VI, B: proposed amendment, current language deleted and replaced with...

All expenditures in excess of $2,000, completed as well as those budgeted but yet to be disbursed, for the fiscal year require the additional approval of the membership at the Annual Meeting.

VI, G: currently reads

Proposed expenditures by the Officers, Directors or Committee Chairs for less than $1,000 require prior written approval by a majority of the Board. Email correspondence may be considered written approval for these purposes.

VI, G: This section can be deleted because the proposed amendment to VI, A makes it redundant.