Fiscal Year and Dues Payment Year

Textile Arts Center Fiscal Year and Dues Payment Year

Fiscal year is April 1-March 31

· Facilitates Board transition

o Election of Officers in March

o Financial Reports end with officers term.

Dues payment period is October 1 – September 30.

· Matches current operating procedures,

o Members pay dues when return to SSV for winter season.

o Renewing members will have until after the 1^st business meeting in January to pay current year dues.

§ Treasurer will remove non-paying members from GroupWorks roster by January 15.

o New members can join and pay dues at anytime.

§ New members will be classified as an individual who has not been a member for the prior 2 fiscal years.

§ New members who pay dues between April 1 and September 30, will automatically be considered a member until the end of the next full dues payment period.

§ Example: New member pays dues in June 2020. No membership since September 30, 2018. Next dues will be due October 1, 2021.