Implementing Resolution Under Article 4
Financial Management and Controls

As amended
January 12, 1988,
unless otherwise indicated

Resolved:

    .01     That Council, at each regular meeting, shall be presented for review a report that contains information related to the Institute’s and the Association’s financial operations and material variations from the annual budget. The Institute’s Board of Directors shall approve the Institute’s annual budget for the succeeding fiscal year, which shall be incorporated into the consolidated Association budget and approved by the Association’s Board of Directors.

[As revised by Council May 15, 2000, and June 16, 2016.]