Editing Nipissing Libertarians CA Constitution and By-laws (section)

==Article 8 – Financial Controls==

    1. The financial records of the Association shall be kept according to generally accepted accounting principles and use the accrual method of accounting.
    2. The fiscal year of the Association shall coincide with the fiscal year required by the Election Finances Act.
    3. The Association shall maintain an operating reserve sufficient to pay its operating expenses.
    4. Funds not required for operational costs or election campaigns shall be transferred to the Party.
    5. The officers of the Association shall make and amend a Banking Resolution that determines the bank, branch location, type of bank account, signing authorities, and address where banking documents should be mailed to.
    6. The Association shall make Bylaws governing: 
        a) operating reserve requirements and their use,
        b) the authorization required to execute contracts,
        c) the authorization required to spend funds.