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2024 Proposed Amendments Mar/Apr 2024 | Vol. 81 No. 2

17 5. Reinstated members 5. Reinstated members shall pay
(cont.) shall pay full annual dues full annual dues whenever
whenever reinstated. reinstated.
6. New and reinstated 6. New and reinstated members’
members’ dues are paid to dues are paid to the state
the state organization and organization and international
international headquarters headquarters upon receipt.
upon receipt.
Rationale: This reorganizes the content for clarification and no change to the information. Fiscal Impact: None. Submitted by:
Nancy Davis, TN, International Finance Committee Chair. Administrative Board Recommendation: to adopt
18 Article IV | Finance Striking: “foundation” and Article IV | Finance
Section F. Funds Inserting: DKG International Section F. Funds
Consent Article IV F.3 Educators Foundation Article IV F.3
The 501(C)(3) funds that support the (DKGIEF or the Foundation). The 501(C)(3) funds that support
work of the Society are entrusted to the work of the Society are
the foundation. entrusted to the DKG International
Educators Foundation (DKGIEF or
the Foundation).
Rationale: Clarifies which foundation. Up to this point in the Constitution the foundation has not been defined. Fiscal Impact: None.
Submitted by: Nancy Davis, TN, International Finance Committee Chair. Administrative Board Recommendation: to adopt
19 Article IV | Finance Article IV | Finance
Section G. Financial Accounting Section G. Financial Accounting
Consent 1. Fiscal Year – The fiscal year Inserting after “Fiscal Year –”: 1. Fiscal Year – all levels
of the Society shall be July 1 – all levels The fiscal year of the Society
June 30 inclusive. shall be July 1 – June 30
2. Budget Inserting after “2. Budget –”: inclusive.
a. The Finance Committee shall international 2. Budget – international
prepare the Available Fund a. The Finance Committee shall
budget biennially. The budget prepare the Available Fund
shall enumerate sources of dues budget biennially. The budget
and non-dues revenue and shall shall enumerate sources of
include expenditure categories dues and non-dues revenue
for Society Headquarters and shall include expenditure
operational expenses and categories for Headquarters
Society administrative operational expenses and
expenses. administrative expenses.
b. The budget shall be reviewed b. The budget shall be reviewed
by the Administrative by the Administrative
Board and adopted by the Board and adopted by the
International Executive Board. International Executive
3. Audit Inserting after “3. Audit –”: Board.
a. The financial records of the international 3. Audit – international
Society shall be audited a. The financial records of the
annually by an external Society shall be audited
certified public accountant. annually by an external
b. The audit report shall be certified public accountant.
reviewed and adopted by the b. The audit report shall be
Administrative Board. reviewed and adopted by the
Administrative Board.
Rationale: Section G 1 governs all levels. Section G 2–3 are specific to the governance of accounting for the International level
only. These amendments clarify which level is governed in this Article. Fiscal Impact: None. Submitted by: Nancy Davis, TN,
International Finance Committee Chair Administrative Board Recommendation: to adopt

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