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Gahanna Cyclone Parents Organization, Inc.
Code of Regulations - Article VI
Miscellaneous
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Fiscal
Year
The fiscal year of the Corporation shall end on such day
as may be fixed from time to time by the Board of Directors.
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Property
All funds and property acquired by this Corporation, by
dues, donation, gift, bequest, or otherwise shall be the
absolute property of this Corporation, unless at the time
of acquiring such property it is otherwise specified in
writing.
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Audit
Financial transactions of the Corporation and its books
of account shall be audited at least annually by a certified
public accountant selected annually by the Board of Directors.
A copy of such audit shall be presented to the Board of
Directors and shall be made available for inspection,
upon reasonable notice, to any Member of the Corporation.
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Restrictions
Fundraising activities and monies contributes shall not
privately benefit the members, athletes, or their parents
by securing the payment of training for a particular athlete
or otherwise in a manner that violates N.C.A.A. guidelines
or that are contrary to the not-for-profit or tax status
of the Corporation.
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Amended
By-Law: Membership Fee
There is a $35 per year, per gymnast CPO membership fee assessed to all competing gymnasts levels 4 through 10. In the event of more than one competing gymnast in a family, the fee shall be $35 for the first gymnast and $25 for each additional gymnast. This fee will help defer the operational costs of the CPO including postage, incidental expenses, payment for the Treasurer position and the year-end banquet expenses. This fee is due no later than July 15 of the current year. This fee may be deducted from your current CPO account.
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