Page 481 - 2025 Chapter Directory

G. Chairman of the Funds Allocation/Financial Planning
Committee

H. Submit records to the Audit Committee for the internal review
and to a certified public accountant for an annual external
audit.

Section 6. The financial secretary shall:

A. Collect all funds and transmit them to the Treasurer. Prepare
three (3) copies of the transmittal form, giving one copy to the
Treasurer, one copy to the President, and keeping one copy for
her records.

B. Give receipts for funds received.
C. Keep an accurate record of all funds received in accordance
with standard accounting procedures.

D. Keep current a list of financial members of the Ivy Educational
and Charitable Foundation of Houston, Inc. and have the list
available at each meeting.

E. Submit records to the Audit Committee for an internal annual
internal audit and to a certified public accountant for a biennial
external audit.
F. Be bonded.
G. Serve as a member of the Ticketron Committee.
H. Create and present reports of funds received.

ARTICLE X.
Contracts, Checks, Deposits and Funds

Section 1. The Board of Directors, except as otherwise provided
in these bylaws, may authorize any officer or agent of the foundation to
enter into any contract or execute and deliver any instrument in the name
of and on behalf of the foundation, and such authority may be general or
confined to specific instances. However, unless so authorized by the
Board of Directors or by these bylaws, no officer, agent or employee
shall have any power or authority to bind the foundation by any contract

Ivy Educational & Charitable Foundation Page 39