This year GWRRA has had the unfortunate task of dealing with misappropriation of Chapter funds (theft); and this is not only morally wrong but also illegal. Officers of any organization have a fiduciary responsibility for fiscal accuracy in the accounting of their expenditures.

Chapter funds belong to the CHAPTER for the operations of the Chapter.  They do not belong to the residing or retiring Officers.  When a new Chapter Director is appointed to an existing Chapter, the Chapter Treasurer must close out the books and prepare a closing financial statement.  A check must then be made payable to the depository institution selected by the new Chapter Director for the balance of the account, less any checks that have not been presented for payment.

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