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13 <br /> <br />entertainment revenues, fundraisers, property and gifts donated to the Association shall <br />be kept in the general fund of the Association. The treasurer shall be the custodian of the <br />assets of the general fund and maintain adequate records documenting any transaction <br />involving the assets or the revenues of the general fund. The assets of the general fund <br />may be disbursed for any purpose reasonably related to the welfare of the Association or <br />its members, as authorized by the Board of Trustees. Any purchases from the general <br />fund account, which has a fiscal note greater than five thousand dollars ($5,000) must be <br />brought to the membership of the Association for approval. <br /> <br />Section 10.3. Special Fund: All funds received by this Association qualifying as state <br />aid received pursuant to law, all taxes levied by or other revenues received from the city <br />pursuant to law providing for municipal support for the relief association, any moneys or <br />property donated, given, granted or devised excluding fundraiser proceeds, by any person <br />which is specified for the use for the support of the Special Fund, and any interest earned <br />on the assets of the Special Fund. Any tax sources and other money which may be <br />directly donated or transferred to said fund, shall be kept in a separate account on the <br />books of the Treasurer known as the Special Fund and shall be disbursed only for the <br />following purposes. <br /> <br />1. Payment of members' service pension benefits in accordance with these bylaws; <br /> <br />2. Payment of ancillary benefits in accordance with these bylaws; <br /> <br />3. Administrative expenses in accordance with the laws of Minn. Stat. §69.80424A.05 <br />Subd. 3b, as amended, as follows: <br /> <br /> <br />a) Office expense including but not limited to rent, utilities, equipment, <br />supplies, postage, periodical subscriptions, furniture, fixtures and salaries <br />of administrative personnel. <br />b) Salaries and itemized expenses of the president, vice-president, secretary, <br />and the treasurer of the association or their designees, incurred as a result <br />of fulfilling their responsibilities as administrators of the special fund. <br />c) Tuition, registrations fees, organizational dues, and other authorized <br />expenses of the officers or members of the Board of Trustees incurred in <br />attending educational conferences, seminars or classes relating to the <br />administration of the relief association. <br />d) Audit, actuarial, medical, legal and investment expenses. <br />e) Reimbursement to the officers and members of the Board of Trustees, or <br />their designees, for reasonable and necessary expenses actually paid and <br />incurred in the performance of their duties as officers or members of the <br />board; and <br />f) Premiums on fiduciary liability insurance and official bonds for the <br />officers, members of the Board of Trustees, and employees of the Relief <br />Association. <br />