B. Disbursement of Funds

 

  1. Treasurer of the Board of Trustees
    1. The Treasurer, elected annually by the Board from among its membership at the meeting of the Board during the N.I.E.T., shall be authorized to receive and disburse funds in the name of the Board of Trustees.
    2. The Treasurer shall be authorized to make cash advances to the Chairperson of the N.I.E.T., the Director of the N.I.E.T., and the Tournament Host. Any cash advances are to be covered by receipts and any balances are to be received by the Treasurer not later than June I following the N.I.E.T. for which the advance was made. The Treasurer is authorized to make payments on receipts of invoice for goods and services listed as line items in the budget. A written report of income and disbursements shall be prepared by the Treasurer and forwarded to the members of the Board, the N.I.E.T. Committee, and all subscribing schools not later than August 1.
  2. The Budget for the AFA-N.I.E.T.: The budget for each AFA-N.I.E.T. is to be developed by the AFA-N.I.E.T. Tournament Director, the Chairperson of the N.I.E.T. Committee, and the Chairperson of the Board of Trustees. The N.I.E.T. committee must be consulted concerning the line items of the budget. The budget must be approved by the Board of Trustees during the meeting at the annual convention of the Speech Communication Association. Only the Chairperson of the N.I.E.T. Committee, the N.I.E.T. Tournament Director, and the Tournament Host are authorized to incur indebtedness in the name of the Board of Trustees. Such indebtedness may not exceed the sum specified in the budget line item without approval of the Board of Trustees. The Treasurer is to be notified when such approval is given.