SUPPLEMENT SIX

GROUP FINANCES

Never open a bank account.

Never apply for grants.

Never put members’ money into your personal account.

If you do need to handle cash for the purposes of your group, avoid holding large amounts of it, ensure that you do not exceed any limit laid down by the Treasurer, and follow any guidelines issued by the Treasurer for paying in cash. The u3a cannot accept responsibility for any loss and there is no insurance cover for such loss.

Get receipts where possible when you hand money over.

Except in case of genuine emergency (in which case the Treasurer will reimburse any justifiable out of pocket expense), avoid using your own money or credit card to pay for group events and/or activities.

Report to your Treasurer as regularly as requested.