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CONSTITUTION - Article 10 – Finances
Article Index
CONSTITUTION
Preamble
Article 1 – Objectives and Functions
Article 2 – Headquarters
Article 3 – Membership Status
Article 4 – Organs
Article 5 – World Congress
Article 6 – Executive Board
Article 7 – Secretariat
Article 8 – Advisors
Article 9 – Procedures
Article 10 – Finances
Article 11 – Amendments and Dissolution
Article 12 – Entry into Force
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Article 10 – Finances



Section 1 – Financial Arrangements and Membership Dues


The annual income of the World Federation shall consist of:

(a)   the dues of full members;

(b)   contributions from honorary members and benefactors;

(c)   contributions from States and national and international organizations;

(d)   income from special activities and miscellaneous resources.


Section 2 – Payment of Dues

The scale of dues payable annually by members shall be established by the World Congress on the

proposal of the Executive Board.

The Executive Board shall make appropriate arrangements for the collection and administration of

the Federation’s resources.

Membership rights shall be suspended for non-payment of dues.


Section 3 – Accounts

The Treasurer, in liaison with the Secretary General, shall prepare the World Federation’s statement of accounts for each financial year, which shall correspond to the calendar year, and shall submit it for approval to the Bureau. That annual statement shall be verified by an Auditor.



 

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