BYLAWS OF THE PACIFIC COAST SOCIETY OF ORTHODONTISTS
ARTICLE XIII -- FINANCES
A. FISCAL YEAR:
The fiscal year of this Society shall begin January 1 of each calendar year and end December 31 of the same calendar year.
B. GENERAL FUND:
The General Fund shall consist of all monies received other than those specifically allocated to other funds by these Bylaws. This fund shall be used to meet all expenses incurred by this Society not otherwise provided for in these Bylaws. The General Fund may be divided into operating and reserve divisions at the discretion of the Board of Directors.
C. BUDGET PREPARATION AND ADOPTION:
The proposed budget for each ensuing fiscal year shall be adopted by the Board of Directors.
D. REVIEW OF ACCOUNTS:
All accounts of this Society shall be reviewed by an independent certified public accountant at least annually, and a report of such audit shall be submitted to the Board of Directors.
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