AMENDMENT: Changed Nov 2006 re Trustee Act 2000.
All monies received by or on behalf of the County either directly or via supporters, must be paid into a bank account held in the name of the County. This account(s) may, alternatively, be a National Savings Account or a building society account(s).
The account(s) will be operated by the County Treasurer and other persons authorised by the County Executive Committee.
A minimum of two signatures must be required for withdrawals.
Under no circumstances must any monies received by any one on behalf of the County be paid into a private bank account.
Cash received at a specific activity may only be used to defray expenses of that same specific activity if the County Executive Committee has so authorised beforehand and if a proper account of the receipts and payments is kept.
Funds not immediately required must be transferred into a suitable investment account held in the name of the County.
County funds must be invested as specified by the Trustee Act 2000.
County funds may be invested in one of the special schemes run by Headquarters.
The bank(s) at which the County account(s) are held must be instructed to certify the balance(s) at the end of the financial period direct to the scrutineer, independent examiner or auditor as appropriate.
