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5. Finance

5.1. Revenues- composed of:

  • membership dues as decided by the Executive Committee; -income derived from its own activities;
  • subventions, financial assistance, grants, etc. from international government or other organizations as well as individuals whose donations are approved by the Presidium.

5.2. In order to guarantee the continuity of the operation of the Association a reserve fund must be maintained.

5.3. All financial matter must be handled respecting the fiscal year starting on the first of April and ending on the 31st of March.

5.4. At least two Auditors, not members of the Executive Committee or the Presidium, will prepare on an annual basis, a combined report to be presented and approved by the Executive Committee.

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