Resolution No. 5 – Audits and Financial Reports

Resolution No. 5
COMMITTEE ASSIGNMENT: Constitution & By-Laws
Re: Audits and Financial Reports – Adopted as Revised/Amended

1	WHEREAS, the IAFF Constitution & By-Laws
2	expressly requires the books and accounts of all local
3	unions be audited annually; and
4	WHEREAS, the last such report of that audit be
5	forwarded each year to the General Secretary-
6	Treasurer over seal of the local within 180 days of
7	the close of the local’s fiscal year; and
8	WHEREAS, the Association provides a standard
9	auditors’ form to be completed and submitted
10	annually; and
11	WHEREAS, the term “audited” or “audit” is not
12	indicative of the level of review requested by the
13	Association; therefore be it
14	RESOLVED, That Article XIII, Section 9,
15	paragraph 1, sentence 1 be replaced with the
16	following text:
17	“All local unions shall have an independent
18	inspection of all of their books and accounts
19	performed annually. This inspection may be
20	accomplished internally or externally in
21	accordance with the local’s constitution and
22	by-laws.”;
23	and be it further
24	RESOLVED, That Article XIII, Section 9,
25	paragraph 1, sentence 2 be added to read:
26	“A financial report of this inspection, on a
27	form as provided by the General Secretary –
28	Treasurer’s office, shall be prepared, signed
29	and forwarded each year to the General
30	Secretary-Treasurer within 180 days of the
31	close of the local’s fiscal year.”

Submitted by: IAFF Executive Board

Cost Estimate: None

COMMITTEE RECOMMENDATION: Adopt as Revised

CONVENTION ACTION: Adopted as Revised and Amended

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