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- The funds of the Association will be derived from memberships, donations (from any legal source), government grants, fundraising activities, and any other sources that the Executive Committee decides.
- All money received by the Association must be deposited as soon as practicable and without deduction to the credit of the Association’s bank account.
- The Association must issue an appropriate receipt, as soon as practicable, after receiving any money.
- No receipt books must be printed and used without the approval of the Executive Committee.
- Funds of the Association must be used in pursuant of the goals and objectives of the Association in such manner as the Executive Committee determines by resolution in the Executive Committee meeting rather than in the General Meeting.
- All cheques, drafts, bills of exchange, promissory notes, and other negotiable instruments must be signed by any two (2) members of the Executive Committee or employees of the Association, being members of the Executive Committee or employees authorised to do so by the Executive Committee. These transactions will be independently audited as part of the annual reporting and auditing process.
- The assets and income of AAIM must be applied solely to further its objectives and no portion will be distributed directly or indirectly to the members of AAIM except as genuine compensation for services rendered or expenses incurred on behalf of the organisation.
