Audit

Bylaws

Sec. 4
The Audit Committee shall consist of the fifth, sixth and seventh most junior past district governors in terms of service in this district who are members of clubs in this district and are available to serve. The senior past district governor in service shall serve as Chair. The district governor may also appoint a Rotarian who is a certified public accountant to consult with the committee and attend its meetings. The audit committee shall perform the duties set forth in Article VI of these bylaws. No member of the Audit Committee shall concurrently serve as a member of the finance committee, nor shall such member have served as a member of the finance committee during the year immediately preceding his/her appointment.

Sec. 2 Annual Audit
The outgoing district governor shall by September 30 after the expiration of his\her term of office deliver a complete report of income and expenditures, a year-end trial balance, detailed general ledger, journal (including detailed cash receipts and detailed cash disbursements), year- end bank reconciliations and budget status to the chair of the district audit committee. Additionally, the outgoing district governor shall provide the Audit Committee with check registers, bank statements, deposit slips and any other financial items requested by the Audit Committee or required for Federal and State tax returns. The Audit Committee and any certified public accountant appointed to consult with the committee shall review the records of the district governor and shall meet with the district governor and the district treasurer to review the records. The Audit Committee shall prepare its report, including recommendations to the current District Governor and shall forward a copy of the audit report to each of the clubs. The audit report shall be submitted to the district conference or district assembly and formally adopted by the delegates. It is the intention of this section that the Audit complies with all requirements of Rotary International plus those provisions set forth above. In addition to any penalties provided by the R.I. Bylaws or Code of Policies, in the event an outgoing district governor fails to fully comply with all requirements of R.I. or the district in connection with the audit of his/her books and records as governor, the incumbent governor shall suspend the outgoing governor from all district positions, including participation in the College of Governors, until such outgoing governor fully complies with the audit requirements. Such suspension shall not be an exclusive remedy and other lawful remedies may be instituted by the district or Rotary International.