Desert Peaks Section Bylaws

Article VI: FUNDS

The Section may receive funds from the Angeles Chapter, in a manner specified by the Chapter Executive Committee, but the Section itself may not assess or collect dues from its members. The Section may receive contributions directly, but since the Section is an entity of the Sierra Club, its expenditure of such contributions shall be consistent with any policy and instructions of the Board of Directors. Voluntary contributions may be accepted, however, to pay for supplies, equipment, decorations, prizes, refreshments, and to meet other incidental expenses.
The funds acquired by the Section shall be placed in accounts established by the Treasurer in the name of "Desert Peaks Section, Angeles Chapter, Sierra Club". Access to the accounts shall be by the Treasurer and the Chair.
The Management Committee may delegate financial authority, subject to these Bylaws and Club Bylaws, to Section entities but it retains responsibility and control. Any such entity must provide regular and satisfactory accounting to the Section Treasurer and the Section Management Committee.
Neither the Section nor any entity thereof shall have authority to borrow money or own real estate.
At the end of the section's fiscal year, the Treasurer shall submit to the Chapter Treasurer a financial report of the activities of the Section.
The fiscal year of the Section shall end December 31.