BPWCCUL By-Laws Review 2025 – FINAL VERSION 38 EXISTING BY-LAW PROPOSED CHANGE RATIONALE (ii) deposit all monies received in the name of the Society in such bank or depository as specified by the Board; (iii) sign all cheques, notes, bills of exchange and other documents necessary to effect the business of the Society; (iv) record all transactions effected by the Society in the books provided for the purpose; (v) keep charge of all documents, books and vouchers for all payments made and receipts issued on behalf of the Society; (vi) prepare the annual statements of accounts, balance sheet, monthly financial statements and other statements as the Board may request; (vii) keep separate all monies belonging to the Society; (viii) produce a current statement of the Societies monies on demand; and (ix) make payments as authorised by the Board and obtain receipts for the same. iii. in collaboration with management, work to develop effective and informative financial reporting for members of the Board. iv. ensure the requisite financial filings are completed. v. oversee budget and audit processes and in collaboration with management, present the annual budget to the full board for approval. vi. review and recommend for approval the annual statements of accounts, balance sheet, monthly financial statements and other statements prepared by management as the board may request. vii. attest to the monthly returns filed in compliance with the Act. viii. present the budget of expenses for the Board of Directors, Supervisory Committee and Credit Committee for approval by members at the Annual General Meeting. The approved budget will remain in effect for the sooner of a period of one year or until the date of the next Annual General Meeting. DISCIPLINE/DISMISSAL OF INTERNAL AUDITOR By-law 51 The Internal Auditor shall report to the Supervisory Committee. By-law 51: No changes
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