Fellow Members,
Your vote is needed once again as we are proposing a change to Article V- Financial Review, Section A, Sentence #2.
Our current by-laws requires us to conduct a full audit by a Certified Public Accountant (CPA) every two years. We found out that this is not a National ASTD requirement. Therefore, the board proposes that Article V- Financial Review, Section A, Sentence #2 be removed (‘A full audit conducted by a certified public accountant is mandated every two (2) years, and may be undertaken more frequently if circumstances dictate.’) The remaining portions of the section will stay in place.
In the past, it has been difficult to find an accountant willing to conduct such a financial audit, and when one can be located, the fee could be up to $10,000 – money that can be better used for member benefits. We will work with the Financial Review Committee to examine our financial records and provide a financial update to you.
Please take a moment to place your vote HERE no later than November 8, 2011. You can read the Current By-Laws below by clicking on the link to read the entire document.
Thank you for your time and participating in this essential chapter function. If you have questions about this process, please contact president@cfc-astd.org.
Current By-Laws (as of August 2011)
BYLAWS of the
CENTRAL FLORIDACHAPTER of ASTD
ARTICLE I – NAME AND PURPOSE
Section A: Chapter name and Offices
The name of this organization shall be the Central Florida Chapter of the American Society for Training and Development. (CFC-ASTD). The registered office of the chapter shall be located in the State of
Florida.
Section B: Affiliation with the National Society
The chapter is an affiliate of the American Society for Training and Development, a non-profit educational society exempt from federal taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986. The Society and its chapters are not organized for profit, and no part of their net earnings shall benefit any member or private individual, except for payment or reasonable compensation for services rendered.
Section C: Governance and Management of Chapter
The chapter shall be governed and managed by a Board of Directors elected by the membership. The Board of Directors shall set policies within the limits prescribed by these bylaws.
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