Any and all sources of income or proceeds generated by any activity of the National Citizen Police Academy Association shall be used for the purpose to maintain the normal operation costs of said non-profit Organization. No persons or member of the National Citizen Police Academy Association shall receive payment for any services rendered nor shall profit financially in any way from any activity of said organization.
Any expenditures made, other than normal business expenses, or any monies issued in excess of $250.00 shall require a majority vote to the Board Members.
Any funds that remain in the event of closure of this organization shall be audited. A complete financial report shall be published within two weeks of the completion of the audit.
An independent audit of the financial transactions of this organization may be conducted on a yearly basis. A complete financial report shall be published within two weeks of the completion of the audit.
An annual update of any papers of incorporation, state and federal filings of any necessary documents shall be filed by the treasurer in compliance to the laws of the state governing the incorporation of this Association.
The fiscal year commences on June 1st each year.