ARTICLE 11
Finances
| 11.01 | ACER-CART finances all its activities from:
a) Fees received from the Members. b) Money given by sponsors approved by the Board. c) Grants provided by Members d) In kind donations from Members or partner Organization e) Grants obtained for projects approved by the Board. |
| 11.02 | Members shall pay an annual fee as established by the Annual General Meeting based on the Members’ total membership as of September 30 of each year. |
| 11.03 | A motion to change the fee will require a 2/3 majority vote of the Members at an AGM. |
| 11.04 | ACER-CART shall be responsible for the payment of expenses of persons acting for or on behalf of ACER-CART in accordance with Article 12.01. |
| 11.05 | The fiscal year of ACER-CART shall commence on August 1 and shall terminate at the close of business on July 31 each year. |
| 11.06 | All operating funds shall be deposited in the name of ACER-CART in a financial institution approved by the Executive. |
| 11.07 | Cheques and other documents shall be signed on behalf of ACER-CART in accordance with the provisions of the By-Laws, Constitution, Belief Statements and Protocols. |
| 11.08 | The signing officers of ACER-CART shall be any two of the following:
a) Either the President or the Vice-President. b) The Executive Director. c) An Accounts Manager appointed by the Board. |
| 11.09 | With the exception of expenses related to meals and kilometrage, a request of reimbursement by ACER-CART of expenses incurred by members on official ACER-CART business must be supported by a receipt. |
| 11.10 | Expenses may be claimed by Officers on official ACER-CART business. Expenses related to attendance at meetings of Members and at meetings of the Board or AGM can only be claimed by Officers of the Executive and ACER-CART members who have received the mandate to act as an official representative of ACER-CART to another organization. |
| 11.11 | Officers shall serve without remuneration. No Officer shall directly or indirectly receive any profit from his/her position as such. An Officer may be paid reasonable expenses incurred in the performance of his/her duties. |
| 11.12 | Should a Member fail to contribute the membership fee as set by ACER-CART, it shall forego its right to vote. |