14.1
The source of revenue of SSEAYP International shall be membership
fees paid by Alumni Associations and donations.
14.2 Each Alumni Association shall pay an annual membership fee
to the SSEAYP International.
14.3 Fund raising activities of SSEAYP INTERNATIONAL and membership
fees of associate members will be initiated upon the approval of
the Council of Presidents.
14.4 Donations, revenue and sponsorship from other sources will
be considered by the Secretary General provided that there are no
attached conditions or commitments that jeopardize the objectives
of SSEAYP INTERNATIONAL. The Secretary General shall report these
sources of revenue to the Council of Presidents for approval.
14.5 The Secretariat shall give consideration to substantial equality
of financial burden borne by each member Alumni Association. Exceptional
financial cases such as special measures for membership fees shall
require the approval of the Council of Presidents.
Article 15: SPECIAL
ACCOUNT
15.1 A Special account may be put aside for activities which require
special revenue such as joint projects. The Council of Presidents
may raise funds for SSEAYP International. The establishment of a
special account or fund shall be accompanied by the nomination of
person responsible for such an account who shall report to the Council
of Presidents.
Article 16: FISCAL
YEAR
The fiscal year of SSEAYP International shall begin on the first
of January and end on the 31st of December of each year. |