Difference between revisions of "GPCA Bylaws Draft Fiscal Policy"

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(renumber much of document; remove one part from Purpose from GPUS; rearrange and focus Treasurer's duties; begin focusing Finance Committee; revise Budget reuqest)
(reorder/rephrase Article V, Section2-1)
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'''1-2.2''' Treasurer shall mean the treasurer of the Green Party of California.
 
'''1-2.2''' Treasurer shall mean the treasurer of the Green Party of California.
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'''ARTICLE II TREASURER'''
 
'''ARTICLE II TREASURER'''
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The Treasurer shall have the duties and responsibilities as provided for in this Fiscal Policy, including:
 
The Treasurer shall have the duties and responsibilities as provided for in this Fiscal Policy, including:
  
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2-1.1 Account for revenues and expenditures of the GPCA.
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'''2-1.1''' Account for revenues and expenditures of the GPCA.
 +
 
 +
'''2-1.2''' Maintain bank accounts as authorized in this Fiscal Policy.
  
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2-1.2 Maintain bank accounts as authorized in this Fiscal Policy.
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'''2-1.3''' Make expenditures on behalf of the GPCA.
  
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2-1.3 Make expenditures on behalf of the GPCA.
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'''2-1.4''' Prepare and present reports to the General Assembly and GPCA committees and working groups.  
  
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2-1.4 Prepare and present reports to the General Assembly and GPCA committees and working groups.  
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'''2-1.5''' Review and approve an annual balance sheet and statement of revenues and expenditures reflecting revenues earned and obligations incurred during the previous fiscal year.
  
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2-1.5 Serve as a voting member of the Budget Committee and the Finance Committee.
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'''2-1.6''' Serve as a voting member of the Budget Committee and the Finance Committee.
  
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2-1.6 Sign contracts on behalf of the GPCA
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'''2-1.7''' Sign contracts on behalf of the GPCA
  
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2-1.7 Review and approve a balance sheet and statement of revenue and expenditure reflecting revenues earned and obligations incurred during the previous fiscal year.
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'''2-1.8''' Prepare and file any official reporting required by the State of California and the Federal Elections Commission.
  
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2-1.8 Prepare and file any official reporting required by the State of California and the Federal Elections Commission.
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'''ARTICLE III FINANCE COMMITTEE'''
 
'''ARTICLE III FINANCE COMMITTEE'''
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3-1.6 Provide assistance for GPCA fundraising activities.
 
3-1.6 Provide assistance for GPCA fundraising activities.
  
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Create requests for payment, requests for reimbursement
  
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----
  
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'''ARTICLE IV BUDGET COMMITTEE'''
  
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'''Section 4.1''' Duties and Authority
  
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The Budget Committee shall prepare and present an annual draft budget to the General Assembly, based upon the budget requests and income projections from standing committees and working groups as described in 5-2 and the prioritization of expenses as described in 7-2, and containing income and expense narratives that explain the purpose of each budget line item.
  
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Create requests for payment, requests for reimbursement
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'''Section 4.2 Membership'''
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'''ARTICLE IV BUDGET COMMITTEE'''
 
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'''4.1''' Mission
 
  
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The Budget Committee shall prepare and present an annual draft budget to the General Assembly, based upon the budget requests and income projections from Standing Committees, Working Groups, the state Treasurer and Liaison to the Secretary of State as described in 5-3 and the prioritization of expenses as described in 7-2, and containing income and expense narratives that explain the purpose of each budget line item.  
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'''4-2.1''' The Budget Committee shall be a standing sub-committee of the General Assembly and be composed of six members: three from the Finance Committee and three from the Coordinating Committee. Members from the Finance Committee members shall include the Treasurer and two at-large members, appointed by the Finance Committee. Members from the Coordinating Committee shall include the Coordinating Committee liaison to the Finance Committee and two at-large members, appointed by the Coordinating Committee.  
  
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'''4.2''' Membership
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'''4-2.2''' No one may be member of the Budget Committee who is recommended in the budget to receive funding for services provided, except in the case where the state Treasurer may be recommended to receive a stipend for services provided as Treasurer, in which case the Treasurer shall be recused from the separate vote whether to include the stipend in the budget, but then may otherwise vote on the Draft Budget. 
  
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'''4-2.1''' The Budget Committee shall be a standing sub-committee of the General Assembly and be composed of six members: three from the Finance Committee and three from the Coordinating Committee. Members from the Finance Committee members shall include the state Treasurer and two at-large members, appointed by the Finance Committee. Members from the Coordinating Committee shall include the Coordinating Committee liaison to the Finance Committee and two at-large members, appointed by the Coordinating Committee. No one may be member of the Budget Committee who is recommended in the budget to receive funding for services provided, except in the case where the state Treasurer may be recommended to receive a stipend for services provided as Treasurer, in which case the Treasurer shall recuse themselves the separate vote whether to include the stipend in the budget, but then may otherwise vote on the draft budget.   
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'''4-2.2''' The state Treasurer shall serve for the duration of their tenure as state Treasurer.  The Coordinating Committee liaison to the Finance Committee shall serve on the budget working group for the duration of his/her tenure as liaison. The at-large Finance Committee members and the at-large Coordinating Committee members may each serve for up to three consecutive one-year terms, but then may not serve a fourth, after which this timing begins anew.   
  
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'''4-2.2''' The state Treasurer shall serve for the duration of his/her tenure as state Treasurer.  The Coordinating Committee liaison to the Finance Committee shall serve on the budget working group for the duration of his/her tenure as liaison. The at-large Finance Committee members and the at-large Coordinating Committee members may each serve for up to two consecutive one-year terms, but then may not serve a third consecutive one-year term, after which this timing begins anew. 
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'''Section 4.3 Decision-making'''
  
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'''4-2.3''' Decision-making
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'''4-3.1''' The Budget Committee shall seek consensus in its work, but when unresolved, outstanding concerns remain, shall operate upon the basis of majority vote.
  
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'''4-2.3(a)''' The Budget Committee shall seek consensus in its work, but when unresolved, outstanding concerns remain, shall operate upon the basis of majority vote.
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'''4-3.2''' Quorum shall be at least five members, whether upon a teleconference, at a face-to-face meeting or as part of an on-line vote.
  
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'''4-2.3(b)''' Quorum shall be at least five members, whether upon a teleconference, at a face-to-face meeting or as part of an on-line vote.
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----
  
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'''ARTICLE V BUDGETING'''
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'''ARTICLE V ANNUAL BUDGET'''
  
 
'''Section 5-1 Annual Budget'''
 
'''Section 5-1 Annual Budget'''
  
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2-2.1 The Annual Budget shall be approved by the General Assembly. The Budget Committee shall propose a draft Annual Budget to the General Assembly according to the process outlined in this Article. The draft budget shall:
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The Annual Budget shall be approved by a two-thirds vote of the General Assembly. The Draft Budget shall be prepared and proposed to the General Assembly according to the process outlined in this Article. The General Assembly shall consider and approve the Annual Budget on the first day of the first meeting of the General Assembly following the release of the Draft Budget.
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2-2.1(a) Incorporate planned expenses and projected income from all sources including the Annual Meeting, and in presidential election years, the Presidential Nominating Convention, in accordance with the GPUS Strategic Plan, if applicable;
 
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6-2.1(b) Strive to maintain an Operating Reserve Fund with the goal of providing a minimum reserve fund at three times the level necessary to cover all monthly obligations authorized as operating expenses, as defined in 8-2; and
 
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6-2.1(c) Be informed by a process of input from the NC, Finance Committee, Fundraising Committee, caucuses, networks, committees, and GPUS Staff and Independent Contractors, as described in Section 6-3.
 
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6-2.2 The SC shall present its draft Annual Budget to the NC no later than the second Monday after the first Tuesday of November. The draft Annual Budget shall be accompanied by:
 
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6-2.2(a) A Case Statement describing the GPCA inventory of existing resources;
 
  
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6-2.2(b) An Income Narrative to explain the income categories and line item projections of the budget, and provide a plan for raising that income, corresponding to the income projections;
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'''Section 5-2 Budget Requests'''
  
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6-2.2(c) An Expense Narrative to explain expense categories and line item projections, that identifies legal and contractual obligations as provided in Section 8-2, provides job descriptions for GPUS staff and Independent Contractors, and provides a plan to fund an Operating Reserve Fund as specified in 6-2.1(b);
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'''5-2.1''' Standing Committees and Working Groups shall submit annual budget requests to the Finance Committee no later than January 31st of each year. Requests must be consistent with the mission and work plan of the Standing Committee or Working Group, must include income and expense projections where applicable, and be in the format provided for by the Finance Committee in 3-1. The Treasurer shall submit requests through the Finance Committee and Liaison to the Secretary of State through the Coordinating Committee.
  
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6-2.2(d) A balance sheet and statement of revenue and expenditure from the most recently completed fiscal year;
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'''5-2.2''' It shall be the responsibility of the Finance Committee to compile all requests under 5-2.1 into a single document and present them in a timely manner to the Budget Committee for its work.
  
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6-2.2(e) Financial projections documenting historical performance, current year-to-date performance, and assumptions underlying future projections;
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'''5-2.3''' Requests for out-of-budget emergency funds may be made according to the process described 7-6.
  
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6-2.2(f) Such reports and recommendations related to the management of Endowed Funds as are required by Section 11-2
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'''Section 5-3 Draft Budget'''
  
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'''Section 5-3 Budget Requests'''
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'''5-3.1''' During the first quarter of each calendar year, the Budget Committee shall prepare the Draft Budget. The Draft Budget shall:
  
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''5-3.1''' Standing Committees and Working Groups shall submit annual budget requests to the Finance Committee no later than January 31st year. Requests must be consistent with the mission and work plan of the Standing Committee or Working Group, must include income and expense projections where applicable and be in the format provided for by the Finance Committee in 4-1.
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5-3.1(a) Incorporate planned expenses and projected income from all sources.
  
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'''5-3.2''' The state Treasurer and Liaison to the Secretary of State shall submit annual budget requests to the Finance Committee no later than the end of the third quarter of each fiscal year. Requests should be consistent with the job description and responsibilities of the state Treasurer and Liaison to the Secretary of State.
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5-3.1(b) Contain an Income Narrative to explain the income categories and line item projections of the budget, and provide a plan for raising that income, corresponding to the income projections;
  
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'''5-3.3''' It shall be the responsibility of the Finance Committee to compile all requests under 5-2.1 and 5-2.2 into a single document and present them in a timely manner to the Budget Committee for its work.
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5-3.1(c) Contain an Expense Narrative to explain expense categories and line item projections, that identifies legal and contractual obligations as provided in Section 7-2, provides job descriptions where they exist for GPCA staff and Independent Contractors, and provides a plan to fund an Operating Reserve Fund as specified in 6-2.1(b);
  
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'''5-3.4''' Requests for out-of-budget emergency funds may be made according to the process described 7-6.
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5-3.1(d) Contain a Case Statement describing the GPCA inventory of existing resources;
  
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'''Section 5-4 Draft Budget'''
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5-3.1(e) Contain any budget approval resolutions necessary
  
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'''5-4.1''' During the fourth quarter of each fiscal year, the Budget Committee shall prepare the Draft Budget as described in 5-1.1. As part of this process, the Finance Committee and the Budget Committee shall hold a combined meeting to review projections for the total amount of funds available for the next fiscal year and to receive input and to ask and take questions from those making budget requests under 5-2.
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5-3.1(f) A balance sheet and statement of revenue and expenditure from the most recently completed fiscal year;
  
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'''5-4.2''' In preparation for the Draft Budget, the Finance Committee shall recommend to the Budget Committee a prudent reserve for that fiscal year's budget and explain its rationale, including how it relates to the maintenance of the party's prioritized expenses as defined in 7-2.
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'''5-3.2''' The Finance Committee and the Budget Committee shall hold a combined meeting to review projections for the total amount of funds available for the next fiscal year and to receive input and to ask and take questions from those making budget requests under 5-2.
  
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'''Section 1-5 Approving the budget'''
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'''5-3.3''' The Finance Committee shall recommend to the Budget Committee a prudent reserve for that fiscal year's budget and explain its rationale, including how it relates to the maintenance of the party's prioritized expenses as defined in 7-2.
  
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'''1-5.1''' On the first day of the first meeting of the General Assembly following the release of the Draft Budget, the General Assembly shall consider and approve the annual budget.. Approval shall be sought first for the entire budget. If unsuccessful, agreement shall be attempted for those line item(s) in the budget for which there are unresolved concerns.
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'''ARTICLE VI: INCOME'''
 
'''ARTICLE VI: INCOME'''
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'''Section 6-2 Contributions from Organizations'''
 
'''Section 6-2 Contributions from Organizations'''
  
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62.1''' No contributions will be accepted from any corporation, union or bank, including non-profit corporations and not-for-profit corporations. Grants or contributions from unincorporated foundations or other unincorporated non-profit organizations will be accepted in amounts as permitted by law. Contributions from organizations shall be reported as required by the Fair Political Practices Commission and the Federal Elections Campaign Act.
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'''6-2.1''' No contributions will be accepted from any corporation, union or bank, including non-profit corporations and not-for-profit corporations. Grants or contributions from unincorporated foundations or other unincorporated non-profit organizations will be accepted in amounts as permitted by law. Contributions from organizations shall be reported as required by the Fair Political Practices Commission and the Federal Elections Campaign Act.
  
 
'''6-2.2''' No contribution will be accepted from a Political Action Committee without the express authorization of the General Assembly even if otherwise allowed under State or Federal law.
 
'''6-2.2''' No contribution will be accepted from a Political Action Committee without the express authorization of the General Assembly even if otherwise allowed under State or Federal law.
  
 
'''6-2.3''' Financial or in-kind contributions from individuals who own or operate businesses, sole proprietorships, partnerships, or not-for-profit business are allowed. However, if the business is incorporated, the contribution must come directly from the person rather than through the business.
 
'''6-2.3''' Financial or in-kind contributions from individuals who own or operate businesses, sole proprietorships, partnerships, or not-for-profit business are allowed. However, if the business is incorporated, the contribution must come directly from the person rather than through the business.
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'''ARTICLE VII: EXPENDITURES'''
 
'''ARTICLE VII: EXPENDITURES'''
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'''Section 7-1 Authority to Disburse Funds'''
 
'''Section 7-1 Authority to Disburse Funds'''
  
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'''7-1.1''' The state Treasurer is empowered to disburse funds for GPCA expenditures up to the limit of the approved budget line for that purpose, within the prioritization of expenses as described in 7-2 and as may additionally be imposed by the General Assembly as part of the annual budget process. The state Treasurer is also empowered to disburse funds upon an emergency basis as defined in 7-6.
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'''7-1.1''' The Treasurer is empowered to disburse funds for GPCA expenditures up to the limit of the approved budget line for that purpose, within the prioritization of expenses as described in 7-2 and as may additionally be imposed by the General Assembly as part of the annual budget process. The Treasurer is also empowered to disburse funds upon an emergency basis as defined in 7-6.
  
 
'''Section 7-2 Prioritization of Expenditures'''
 
'''Section 7-2 Prioritization of Expenditures'''
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'''Section 7-3 Requests for Payment Reimbursement'''
 
'''Section 7-3 Requests for Payment Reimbursement'''
  
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7-3.1''' Each standing committee, working group and/or the state Treasurer or Liaison and to the Secretary of State shall request budget funds by filling out either a Request for Payment or a Request for Reimbursement. Requests for Payment are requests to pay in advance for budgeted party expenses and are strongly recommended where possible. Requests for Reimbursement are for when someone has been approved of by their standing committee or working group to pay for a budgeted party expense in expectation of reimbursement.
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7-3.1''' Each standing committee or working group shall request budget funds by filling out either a Request for Payment or a Request for Reimbursement. Requests for Payment are requests to pay in advance for budgeted party expenses and are strongly recommended where possible. Requests for Reimbursement are for when someone has been approved of by their standing committee or working group to pay for a budgeted party expense in expectation of reimbursement.
  
 
'''7-3.2''' Requests for Payment and Requests for Reimbursement from standing committees or working groups must be signed by at least one co-coordinator. The Coordinating Committee may designate any of its members to sign on its behalf, but if it does not do so, the default is that at least one of its co-coordinators must sign.
 
'''7-3.2''' Requests for Payment and Requests for Reimbursement from standing committees or working groups must be signed by at least one co-coordinator. The Coordinating Committee may designate any of its members to sign on its behalf, but if it does not do so, the default is that at least one of its co-coordinators must sign.
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'''7-4.1''' Upon receipt of a properly executed Request for Payment form, the state Treasurer shall issue a check for the amount indicated to the payee designated in the form.
 
'''7-4.1''' Upon receipt of a properly executed Request for Payment form, the state Treasurer shall issue a check for the amount indicated to the payee designated in the form.
  
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'''7-4.2''' In no case may the state Treasurer issue funds in excess of the amount allocated to the group for the fiscal year. Should a Request for Payment or a Request for Reimbursement be made above the amount budgeted, the state Treasurer shall advise those requesting the funds that funds requested in excess of the annual budget amount shall be subject to the Emergency Funding provisions described in 2-6.
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'''7-4.2''' In no case may the Treasurer issue funds in excess of the amount allocated any particular purpose for the fiscal year. Should a Request for Payment or a Request for Reimbursement be made above the amount budgeted, the Treasurer shall advise those requesting the funds that funds requested in excess of the annual budget amount shall be subject to the Emergency Funding provisions described in 7-6.
  
 
'''Section 7-5 Reporting expenditures'''
 
'''Section 7-5 Reporting expenditures'''
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'''Section 7-6 Emergency funding'''
 
'''Section 7-6 Emergency funding'''
  
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'''7-6.1''' Requests for disbursal of funds exceeding the amount budgeted for a specific purpose may be made by standing committees, working groups and/or the state Treasurer or Liaison to the Secretary of State and be considered by the Coordinating Committee on an emergency basis.  
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'''7-6.1''' Requests for disbursal of funds exceeding the amount budgeted for a specific purpose may be made by standing committees and working groups and be considered by the Coordinating Committee on an emergency basis.
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'''7-6.2''' To authorize an emergency disbursal the Coordinating Committee must approve of a statement of findings why such an out-of-budget expenditure is in the substantial interest of the party and how it will be paid for, and must forward this approval to the Treasurer. Such findings, along with the amount and to whom shall also be included in the agenda packet of the next General Assembly after the disbursal occurred, and an oral report of the same shall be given to the plenary session on the first day of the General Assembly. Should it occur at the General Assembly in which the annual budget is considered, it should be part of the budget presentation.  
  
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'''7-6.2''' To authorize an emergency disbursal the Coordinating Committee must approve of a statement of findings why such an out-of-budget expenditure is in the substantial interest of the party and how it will be paid for, and must forward this approval to the state Treasurer. Such findings, along with the amount and to whom shall also be included in the agenda packet of the next General Assembly after the disbursal occurred, and an oral report of the same shall be given to the plenary session on the first day of the General Assembly. Should it occur at the General Assembly in which the annual budget is considered, it should be part of the budget presentation.
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'''ARTICLE VIII DONORS BILL OF RIGHTS'''
 
'''ARTICLE VIII DONORS BILL OF RIGHTS'''
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'''Section 10-1 Annual Report to the General Assembly by the Treasurer'''
 
'''Section 10-1 Annual Report to the General Assembly by the Treasurer'''
  
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'''10-1.1''' The state Treasurer shall make an Annual Report to the General Assembly at which the annual budget is considered, detailing the prior year's fiscal activities and reporting upon the Fair Political Practices report(s) filed in the name of the GPCA.  
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The state Treasurer shall make an Annual Report to the General Assembly at which the annual budget is considered, detailing the prior year's fiscal activities and reporting upon the Fair Political Practices report(s) filed in the name of the GPCA.  
  
 
'''Section 10-2 Monthly Reports to the Coordinating Committee by the Treasurer'''
 
'''Section 10-2 Monthly Reports to the Coordinating Committee by the Treasurer'''
  
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'''10-2.1''' The Treasurer shall, on a monthly basis and not later than the 20th of each month, file with the Coordinating Committee a report of the fiscal activities of the Party for the preceding month, including a comparison between actual activities and projected activities for that month, based on common accounting practices for accrual based accounting, acknowledging revenues earned and obligations as they are incurred regardless of when money changes hands, and a balance sheet listing assets, liabilities, and fund balances.
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The Treasurer shall, on a monthly basis, file with the Coordinating Committee a report of the fiscal activities of the Party for the preceding month.
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'''10-2.2''' The Treasurer shall, on a monthly basis, provide monthly financial status reports that include cash transactions, accounts payable, accounts receivable, and various fund balance reports.
 

Revision as of 04:17, 2 August 2011

FISCAL POLICY OF THE GREEN PARTY OF CALIFORNIA

ARTICLE 1 PURPOSE

Section 1-1 Purpose

This Fiscal Policy is intended to:

1-1.1 Direct the financial practices of the Green Party of California (GPCA) and establish committees necessary to carry out this purpose.

1-1.2 Promote clarity, accountability, and transparency in the Party's fiscal and financial practices, including those of its committees, working groups, officers, employees and contractors.

1-1.3 Promote financial practices by the Party that are in compliance with all applicable laws.

Section 1-2 Definitions

The following terms are defined and used in this document:

1-2.1 Party and GPCA shall mean the Green Party of California.

1-2.2 Treasurer shall mean the treasurer of the Green Party of California.

ARTICLE II TREASURER

Section 2-1 Duties and Responsibilities

The Treasurer shall have the duties and responsibilities as provided for in this Fiscal Policy, including:

2-1.1 Account for revenues and expenditures of the GPCA.

2-1.2 Maintain bank accounts as authorized in this Fiscal Policy.

2-1.3 Make expenditures on behalf of the GPCA.

2-1.4 Prepare and present reports to the General Assembly and GPCA committees and working groups.

2-1.5 Review and approve an annual balance sheet and statement of revenues and expenditures reflecting revenues earned and obligations incurred during the previous fiscal year.

2-1.6 Serve as a voting member of the Budget Committee and the Finance Committee.

2-1.7 Sign contracts on behalf of the GPCA

2-1.8 Prepare and file any official reporting required by the State of California and the Federal Elections Commission.

ARTICLE III FINANCE COMMITTEE

Section 3-1 Duties and Responsibilities

The Finance Committee shall have the duties and responsibilities as provided for in this Fiscal Policy, including:

The Finance Committee is charged with overseeing the financial operations of the GPCA. This includes working with the Treasurer to:

3-1.3 Budget Process

Establish a format for submitting budget requests

Establish names for budget lines, to be used by those making budget requests.

Compile all budget requests under 5-2.1 and 5-2.2 into a single document and present them in a timely manner to the Budget Committee for its work.

3-1.4 Provide a written annual budget report to the General Assembly as part of the agenda packet for the annual budget. Provide an oral presentation of the written report to the General Assembly.

In preparation for the Draft Budget, recommend to the Budget Committee a prudent reserve for that fiscal year's budget and explain its rationale, including how it relates to the maintenance of the party's prioritized expenses as defined in 7-2.

3-1.1 Collect funds owed to the GPCA;

3-1.2 Facilitate the allocation and disbursement of funds;

3-1.3 Provide quarterly written financial reports to the Coordinating Committee;

3-1.5 Assist the Treasurer in providing any official reporting required by the State of California and the Federal Elections Comission.;

3-1.6 Provide assistance for GPCA fundraising activities.

Create requests for payment, requests for reimbursement

ARTICLE IV BUDGET COMMITTEE

Section 4.1 Duties and Authority

The Budget Committee shall prepare and present an annual draft budget to the General Assembly, based upon the budget requests and income projections from standing committees and working groups as described in 5-2 and the prioritization of expenses as described in 7-2, and containing income and expense narratives that explain the purpose of each budget line item.

Section 4.2 Membership

4-2.1 The Budget Committee shall be a standing sub-committee of the General Assembly and be composed of six members: three from the Finance Committee and three from the Coordinating Committee. Members from the Finance Committee members shall include the Treasurer and two at-large members, appointed by the Finance Committee. Members from the Coordinating Committee shall include the Coordinating Committee liaison to the Finance Committee and two at-large members, appointed by the Coordinating Committee.

4-2.2 No one may be member of the Budget Committee who is recommended in the budget to receive funding for services provided, except in the case where the state Treasurer may be recommended to receive a stipend for services provided as Treasurer, in which case the Treasurer shall be recused from the separate vote whether to include the stipend in the budget, but then may otherwise vote on the Draft Budget.

4-2.2 The state Treasurer shall serve for the duration of their tenure as state Treasurer. The Coordinating Committee liaison to the Finance Committee shall serve on the budget working group for the duration of his/her tenure as liaison. The at-large Finance Committee members and the at-large Coordinating Committee members may each serve for up to three consecutive one-year terms, but then may not serve a fourth, after which this timing begins anew.

Section 4.3 Decision-making

4-3.1 The Budget Committee shall seek consensus in its work, but when unresolved, outstanding concerns remain, shall operate upon the basis of majority vote.

4-3.2 Quorum shall be at least five members, whether upon a teleconference, at a face-to-face meeting or as part of an on-line vote.

ARTICLE V ANNUAL BUDGET

Section 5-1 Annual Budget

The Annual Budget shall be approved by a two-thirds vote of the General Assembly. The Draft Budget shall be prepared and proposed to the General Assembly according to the process outlined in this Article. The General Assembly shall consider and approve the Annual Budget on the first day of the first meeting of the General Assembly following the release of the Draft Budget.

Section 5-2 Budget Requests

5-2.1 Standing Committees and Working Groups shall submit annual budget requests to the Finance Committee no later than January 31st of each year. Requests must be consistent with the mission and work plan of the Standing Committee or Working Group, must include income and expense projections where applicable, and be in the format provided for by the Finance Committee in 3-1. The Treasurer shall submit requests through the Finance Committee and Liaison to the Secretary of State through the Coordinating Committee.

5-2.2 It shall be the responsibility of the Finance Committee to compile all requests under 5-2.1 into a single document and present them in a timely manner to the Budget Committee for its work.

5-2.3 Requests for out-of-budget emergency funds may be made according to the process described 7-6.

Section 5-3 Draft Budget

5-3.1 During the first quarter of each calendar year, the Budget Committee shall prepare the Draft Budget. The Draft Budget shall:

5-3.1(a) Incorporate planned expenses and projected income from all sources.

5-3.1(b) Contain an Income Narrative to explain the income categories and line item projections of the budget, and provide a plan for raising that income, corresponding to the income projections;

5-3.1(c) Contain an Expense Narrative to explain expense categories and line item projections, that identifies legal and contractual obligations as provided in Section 7-2, provides job descriptions where they exist for GPCA staff and Independent Contractors, and provides a plan to fund an Operating Reserve Fund as specified in 6-2.1(b);

5-3.1(d) Contain a Case Statement describing the GPCA inventory of existing resources;

5-3.1(e) Contain any budget approval resolutions necessary

5-3.1(f) A balance sheet and statement of revenue and expenditure from the most recently completed fiscal year;

5-3.2 The Finance Committee and the Budget Committee shall hold a combined meeting to review projections for the total amount of funds available for the next fiscal year and to receive input and to ask and take questions from those making budget requests under 5-2.

5-3.3 The Finance Committee shall recommend to the Budget Committee a prudent reserve for that fiscal year's budget and explain its rationale, including how it relates to the maintenance of the party's prioritized expenses as defined in 7-2.

ARTICLE VI: INCOME

Section 6-1 Contributions from Individuals

6-1.1' Contributions from individuals will be accepted in amounts as permitted by law. All excess contributions will be returned. Individual contributions shall be reported as required by the Fair Political Practices Commission and the Federal Elections Campaign Act.

Section 6-2 Contributions from Organizations

6-2.1 No contributions will be accepted from any corporation, union or bank, including non-profit corporations and not-for-profit corporations. Grants or contributions from unincorporated foundations or other unincorporated non-profit organizations will be accepted in amounts as permitted by law. Contributions from organizations shall be reported as required by the Fair Political Practices Commission and the Federal Elections Campaign Act.

6-2.2 No contribution will be accepted from a Political Action Committee without the express authorization of the General Assembly even if otherwise allowed under State or Federal law.

6-2.3 Financial or in-kind contributions from individuals who own or operate businesses, sole proprietorships, partnerships, or not-for-profit business are allowed. However, if the business is incorporated, the contribution must come directly from the person rather than through the business.

ARTICLE VII: EXPENDITURES

Section 7-1 Authority to Disburse Funds

7-1.1 The Treasurer is empowered to disburse funds for GPCA expenditures up to the limit of the approved budget line for that purpose, within the prioritization of expenses as described in 7-2 and as may additionally be imposed by the General Assembly as part of the annual budget process. The Treasurer is also empowered to disburse funds upon an emergency basis as defined in 7-6.

Section 7-2 Prioritization of Expenditures

When drawing from the General Operating Account, the GPCA shall satisfy its legal and contractual obligations first, and shall prioritize its operating expenditures in the following order:

7-2.1 Staff payroll, payroll taxes, and benefits;

7-2.2 Office rent and utilities;

7-2.3 Server Hosting, Server Backup, State phone, State Post Office box;

7-2.4 Independent contractors;

7-2.5 Other vendors that are indispensable to operations;

7-2.6 Expenditures with a reasonable expectation of a return on investment in a short period of time; and

7-2.7 Other budgeted expenditures.

Section 7-3 Requests for Payment Reimbursement

7-3.1 Each standing committee or working group shall request budget funds by filling out either a Request for Payment or a Request for Reimbursement. Requests for Payment are requests to pay in advance for budgeted party expenses and are strongly recommended where possible. Requests for Reimbursement are for when someone has been approved of by their standing committee or working group to pay for a budgeted party expense in expectation of reimbursement.

7-3.2 Requests for Payment and Requests for Reimbursement from standing committees or working groups must be signed by at least one co-coordinator. The Coordinating Committee may designate any of its members to sign on its behalf, but if it does not do so, the default is that at least one of its co-coordinators must sign.

7-3.3 Requests for Payment shall specify the specific budget line requested and to what the budget request is doing for. Requests for Reimbursement shall specify the specific budget line to be reimbursed for and must be accompanied by copies of receipts for all expenses incurred.

Section 7-4 Disbursal of Funds

7-4.1 Upon receipt of a properly executed Request for Payment form, the state Treasurer shall issue a check for the amount indicated to the payee designated in the form.

7-4.2 In no case may the Treasurer issue funds in excess of the amount allocated any particular purpose for the fiscal year. Should a Request for Payment or a Request for Reimbursement be made above the amount budgeted, the Treasurer shall advise those requesting the funds that funds requested in excess of the annual budget amount shall be subject to the Emergency Funding provisions described in 7-6.

Section 7-5 Reporting expenditures

Following each disbursal, the state Treasurer shall issue a brief statement to those making the request stating the amount of their budgeted funds disbursed in the fiscal year to date and the remaining budget allocation.

Section 7-6 Emergency funding

7-6.1 Requests for disbursal of funds exceeding the amount budgeted for a specific purpose may be made by standing committees and working groups and be considered by the Coordinating Committee on an emergency basis.

7-6.2 To authorize an emergency disbursal the Coordinating Committee must approve of a statement of findings why such an out-of-budget expenditure is in the substantial interest of the party and how it will be paid for, and must forward this approval to the Treasurer. Such findings, along with the amount and to whom shall also be included in the agenda packet of the next General Assembly after the disbursal occurred, and an oral report of the same shall be given to the plenary session on the first day of the General Assembly. Should it occur at the General Assembly in which the annual budget is considered, it should be part of the budget presentation.

ARTICLE VIII DONORS BILL OF RIGHTS

Donors to the GPCA shall have the right to:

4-1 Be informed of the GPCA purpose, of the way the Party intends to use donated resources and of its capacity to use such donations effectively for their intended purposes;

4-2 Expect the GPCA will use exercise prudent judgment in its stewardship responsibilities;

8-3 Expect that relationships with individuals representing the GPCA will be professional in nature and that information about their donation is handled with respect and confidentiality to the extent provided by the law;

8-4 Be assured that donations will be used for the purposes for which they were given. If the GPCA cannot comply with donor intentions, nor negotiate for a different purpose, the gift shall be returned to the donor;

8-5 Be informed whether those seeking donations are volunteers, employees of the GPCA or independent contractors;

8-6 Feel free to ask questions when making a donation and to receive prompt, truthful, and forthright answers.

ARTICLE IX FINANCIAL MANAGEMENT

Section 9-1 Bank Accounts

9-1.1 All funds contributed to or made payable to the GPCA, whether by cash or negotiable instruments, shall be placed on deposit in the principal accounts of the Party, which shall be maintained by the state Treasurer.

9-1.2 The General Assembly may appoint others to be co-signers of the GPCA accounts in addition to the Treasurer.

ARTICLE X FINANCIAL REPORTING

Section 10-1 Annual Report to the General Assembly by the Treasurer

The state Treasurer shall make an Annual Report to the General Assembly at which the annual budget is considered, detailing the prior year's fiscal activities and reporting upon the Fair Political Practices report(s) filed in the name of the GPCA.

Section 10-2 Monthly Reports to the Coordinating Committee by the Treasurer

The Treasurer shall, on a monthly basis, file with the Coordinating Committee a report of the fiscal activities of the Party for the preceding month.

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