Financial Management Policy of Inclusive Ski Touring

Section 1. Contracts and other Writings.  Except as otherwise provided by resolution of the board or board policy, all contracts, deeds, leases, mortgages, grants, and other agreements of the corporation shall be executed on its behalf by the treasurer or other persons to whom the corporation has delegated authority to execute such documents in accordance with policies approved by the board.

Section 2. Checks, Drafts. Checks, drafts, or other orders for payment of money, notes, or other evidence of indebtedness issued in the name of the corporation up to $500.00 may be made by the Executive Director without additional approval. Checks, drafts, or other orders for payment of money, notes, or other evidence of indebtedness issued in the name of the corporation from $500.00 - $1,500.00 may be approved by the Executive Director and Board President without additional approval. Checks, drafts, or other orders for payment of money, notes, or other evidence of indebtedness issued in the name of the corporation over $1,500.00 require full board approval.

Section 3. Deposits. All funds of the corporation not otherwise employed shall be deposited from time to time to the credit of the corporation in such banks, trust companies, or other depository as the board or a designated committee of the board may select.

Section 4. Loans. No loans shall be contracted on behalf of the corporation and no evidence of indebtedness shall be issued in its name unless authorized by resolution of the board. Such authority may be general or confined to specific instances.

 Certification

Bill Cobb, President of Inclusive Ski Touring, and Bryce Barnes, Secretary of Inclusive Ski Touring certify that the foregoing is a true and correct copy of the financial management policy of the above-named organization, duly adopted by the initial Board of Directors on Friday, October 9th, 2021.

I certify that the foregoing is a true and correct copy of the financial management policy of the above-named organization, duly adopted by the initial Board of Directors on Friday, October 9th, 2021.  

By: Bill Cobb       President Date: 10/9/2021

By: Bryce Barnes Secretary      Date: 10/9/2021