The Chief Financial Officer shall keep and maintain, or cause to be kept and maintained, adequate and correct books and records of accounts of the properties and business transactions of the Corporation, including accounts of its assets, liabilities, receipts, disbursements, gains, losses, capital, surplus and any accounts. The books or accounts shall be, at all reasonable times, open to inspection of any Director.
The Chief Financial Officer shall (a) prepare financial statements on a monthly basis for the Board of Directors and (b) assist the Board in establishing a proposed yearly budget prior to the Orientation Meeting.
The Chief Financial Officer or designee shall deposit all monies and other valuables in the name and to the credit of the Corporation with such depositories as may be designated by the Board of Directors. He shall disburse funds of the Corporation, as may be ordered by the Board of Directors; shall render to the President and Directors, whenever they request it, an account of his transactions as Chief Financial Officer and of the financial condition of the Corporation, and shall have such other powers and perform such other duties as may be prescribed by the Board of Directors or by these Bylaws. He shall arrange for and submit all records for an annual audit. A petty cash shall be allowed with the approval of the Board of Directors. He shall be bonded by an appropriate institution with the bonding being paid for by the Corporation. The Chief Financial Officer cannot have direct control over the operation of the SMYS fundraising activities.