The Budget Committee

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The Committee shall supervise and direct the preparation of a proposed, annual, calendar-year budget for presentation to the Board of Directors on or before October 15th of each year to be effective January 1st of the following calendar year. The Treasurer shall chair the Budget Committee. At the inception of the term of office of the President, the Treasurer shall solicit budget requests for the upcoming year from the officers, directors and the chairperson of each standing committee and special committee. The officers, directors and the chairpersons of the standing committees and special committees shall prepare budget requests for the upcoming calendar year, which budget requests shall be submitted to the Treasurer within a reasonable time prior to the October 15th deadline for proposing a budget to the board. The Treasurer shall then prepare, in consultation with this Committee and after review of all budget requests, a proposed annual budget for the Association which shall be presented to the Board of Directors for approval at the next regularly scheduled meeting. The Association hereby delegates to the Board of Directors power to review said proposed budget, to make such modifications as it may deem necessary, and to approve said modified budget, adjusting and fixing such regular or special membership dues as may be necessary to pay the projected expenses of the Association and balance the budget. No officer, director or member of the Association shall spend the funds of the Association except in conformity with the approved budget, and no officer, director or member shall incur expenses outside the budget to the credit of the Association in excess of $500.00 without the express approval of the Board of Directors at a regularly scheduled meeting.