Article 13
Annual Budget:
Section 1: The Annual budget shall take into consideration all recurring monthly , quarterly, semiannual and annual bills. The budget for the facilities shall be based on current and future repairs and improvements. Appropriations shall be based on current and future repairs and improvements. Appropriations for the facilities will be cumulative, so money is there when major expenses occur.
Section 2: Dues shall be determined by the estimated expenses; total estimated expenses divided by the estimated regular membership, equals annual dues.
Section 3: Money raised by special events, rent, etc., shall be used as the Association sees fit for special equipment, projects, and the needs of the Associaton over and above yearly fixed expenses.
Section 4: All expenditures not on the annual budget shall be approved separately by the Board of Directors.
Section 5: The Annual Budget shall be submitted to the Board of Directors for approval by the first Wednesday in June.