Potential Policies Your Chapter May Need

Budget - Process / Approvals

Dues - How are they set? When can they change?

Reimbursement to Members/Employees - When?  How much?

Financial Reporting - How often? Audited vs. Non-Audited

Exempt Status - Group Exemption Election - Are we to be included?

Support to Be Provided for any Chapter Foundation/PAC

Banking - How many accounts? How many signatures?

Investments - How may excess funds be invested?

Borrowing - Who may initiate? When?

Capitalization - Who may authorize purchase of fixed assets?

Conflicts of Interest

Directors & Officers Liability

Is there an insurance policy?
Is there protection in the Articles of Incorporation?

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