All income received from subscription & other payments to the club are receipted and banked to the Club’s accounts. The Club Treasurer, General Secretary and President are signatories to these accounts – the Treasurer as principal signatory keeps track of all transactions. Therefore, no money is withdrawn without justified reason and proper documentation showing its intended purpose. This is done by the Club Administrator supervised by the General Secretary.
The club has both internal and external auditors who monitor the books of accounts. At the end of each year, a report is made by the treasurer alongside the audited accounts which give the members an overview of the economic situation of the club presented at THE ANNUAL GENERAL MEETING usually in the first quarter of the following year.