Finances
Financial
Year
The Financial year of the Association shall run from 1 January
through 31 December.
Income
The Association shall derive its income from membership fees, donations,
grants legacies, loans, trading and any other operations compatible with
the principles of scouting and the laws of Ethiopia.
Property
The Association may acquire and dispose of property in accordance with
this constitution and the laws of Ethiopia
Budget
A budget for each financial year shall be prepared by the National Treasurer
and passed by the Board Which shall Submit it to the National council
for approval.
Bank
Accounts
All funds shall be deposited in bank accounts in the name of
the Association payment from these accounts shall require the signatures
of at lease two persons appointed by the Board at National level, by the
regional council at regional level and by the district council at wareda
level.
Audited
Accounts
Accounts showing income and expenditure statements and balance sheet shall
be prepared annually not later than three months after the end of the
financial year and shall be presented together with the Auditor’s
report to the council for adoption.
District
District Scout councils shall be financially independent, raising
and managing their own funds, but shall send copies of their audited annual
accounts to the secretariat not later than 3 months after the end the
financial year.
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