花季视频

Skip to main contentSkip to main navigationSkip to footer content

Article XI: Fiscal Year

The fiscal year of the corporation shall begin on the 1st day of July in each year and end at midnight on the 30th day of June.

Prior to the close of each fiscal year, the Audit Committee will cause the selection of a certified public accountant to audit all the accounts of the Foundation and render a report to the Board of Directors, which report shall include an operating statement for the fiscal year and a balance sheet as of the close of the fiscal year.

Neither the auditors selected nor any member or employee of any auditing firm selected shall be a director or an officer of the Foundation.

A copy of the report of the auditor shall be made available to each member of the Board of Directors as soon as practical and such report shall be presented to the annual meeting of the Board of Directors.