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) Acquired gifts, legacies, settlements, bequests, endowments and donations of any kind (By-law 7, 7.15.14) d) 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. |