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Revised and Approved on October 11, 2023 (page 11 of 12)Section 11.02 Authority and Responsibility.The Executive Director shall manage and direct all activities of the Council as prescribed by the Board of Directors and shall be responsible to the Board. He or she may employ and may terminate the employment of members of the staff necessary to carry on the work of the Council and fix their compensation within the approved budget. As Executive Director, he or she shall define the duties of the staff, supervise their performance, establish their titles and delegate those responsibilities of management as shall, in his or her judgment, be in the best interest of the Council. The Executive Director shall carry out other duties specified for that office by these Bylaws.ARTICLE XII %u2013 FINANCESection 12.01 Fiscal Period.The fiscal period of the Council shall be the calendar year of January 1 through December 31.Section 12.02 Bonding.Trust or surety bonds may be furnished for the President, Treasurer and other such officers or employees of the Council as the Board shall direct. The amount of such bonds shall be determined by the Board and the cost paid by the Council.Section 12.03 Budget.With the recommendations of the Treasurer, the Board shall adopt in advance of the next fiscal period, an annual operating budget covering all activities of the Council.Section 12.04 Audit.The President shall nominate, and, with the approval of the Board of Directors by resolution, appoint three members of the Board of Directors to serve as an Audit Committee. The accounts of the Council shall be reviewed not less than annually by the Audit Committee. A report of this audit shall be provided to the membership by the Treasurer within 30 days of receipt.ARTICLE XIII %u2013 DISSOLUTIONSection 13.01 Dissolution.The Council shall use its funds only to accomplish the objectives and purposes specified in the Articles of Incorporation and Bylaws. No part of said funds shall insure, or be distributed, to members of the Council. On dissolution of the Council, any funds remaining shall be distributed to one or more regularly organized and qualified charitable, educational, scientific, or philanthropic organizations to be selected by the Board of Directors.ARTICLE XIV %u2013 NCISS LOGO AND USE OF SAMESection 14.01 Logo.The official logo of NCISS shall be depicted as a circle within a circle. The inner circle shall contain an outline of the continental United States and immediately adjacent thereto, shall be an outline of Alaska and Hawaii. The letters NCISS shall be displayed across the United States outline. The outer circle shall contain the full name, with the words, %u201cNational Council%u201d at the top, and %u201cof Investigation and Security Services%u201d equally spaced at the bottom of the inner circle.