Yhdistyksen talous

The finances of an association must be kept in order. Funds belong to the association and the Board of Directors is in charge of the funds. All income and expenses of the association must be entered into the accounts.  

When a bank account is opened for an association, the following documents must be disclosed:

• Founding Document
• Registration Certificate

In addition, a decision (minutes) by the Board of Directors of the association is required indicating the person who has been granted access to the account. A meeting of the Board of Directors decides who will be liable to use the account. The right to use the bank account can be granted to for example the treasurer of the association and the chairman.

The financial year of an association is one calendar year. The Board of Directors drafts a proposal of a budget, which is approved in an association meeting. The Board of Directors and the treasurer are responsible for the financial matters during the financial year. All income and expenses are entered into the accounts. All receipts must be kept.

The membership fee is determined in the annual meeting.

A registered association can apply for various forms of Financial Assistance.

Financial statements of the association are distributed at the end of the financial year, indicating the income and expenses of the association. The auditors of the association audit the accounts of the association and supply an audit report.

Guide on Association Activities for Immigrants > « Finances »