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Middlesex Youth Soccer Association, Inc.
Constitution & By-laws
August 8, 1998
Amended June 2006 |
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Article 10: Finance
1.
The fiscal year of this Association shall begin on the first day of
July and end on the Thirtieth day of June.
2.
All monies deposited or received from any source by the Association
or any of its members or officers shall be turned over to the Treasurer as
quickly as possible. Anyone
receiving any monies for the Association, unless exempted from doing so by
the Treasurer, shall turn over such funds within thirty (30) days of
receipt thereof.
3.
Expenditures of Association funds shall be limited to uniforms,
equipment and supplies for both players and fields, awards or any other
expenditures which are deemed Appropriate by the Board of Directors.
4.
Expenditures of less than $100.00 may be authorized by any member
of the Board of Directors.
5.
All expenditures of the Association in excess of $100.00 shall be
approved by the Board of Directors.
6.
7.
Expenditures of Funds by individuals on behalf of the Association
shall be reimbursed only upon presentation of appropriate documentation.
8.
Vendor expenses in excess of $100.00 must be invoiced.
9.
Exp9. Expenditures of any amount, for any purpose sanctioned by the Board
of Directors, may be authorized in advance by the utilization of a line
item budget approved by the Board of Directors with the total expenditure
not to exceed the total budget approved.
10.
Expenditures for referee fees will be provided to all head-coaches prior to the first game of the season.
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