Fiscal Policies

Section 1

The fiscal year of AMCU shall begin the first of October and end the last day of September in each year.

Section 2

Membership dues shall be paid in a manner and an amount to be determined by the Board of Directors.

Section 3

Dues will be delinquent if not paid 30 days after the invoicing of membership dues. Members who have not paid their dues within 60 days shall cease to be members of AMCU.

Section 4

All funds and asset dispositions shall be signed by the Treasurer or Vice President of Administration.

Section 5

All funds of AMCU shall be deposited in a timely manner to the credit of AMCU in such banks, trust companies, or other depositories as the Board of Directors may select.

Section 6

No director, officer or member shall receive compensation for services to AMCU, but in the event of out-of-pocket expenditures for previously authorized AMCU purposes in performing such services, shall be entitled to reimbursement at the discretion of the Board. Receipts for such expenditures need to be presented to the Treasurer or Assistant Treasurer within 90 days.

Section 7

Any Regular Member in good standing may request information from AMCU records. Such a request must be made in writing to the Treasurer and approved by the Board of Directors. Any and all fees related to obtaining the records will be paid by the Member making the request.

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