Amending Section 145 of the Laws of the Knights of Columbus

WHEREAS, Section 145 of the Laws of the Knights of Columbus requires the Board of Trustees to conduct a semi-annual audit of the accounts of the Financial Secretary and Treasurer; and

WHEREAS, an annual audit is sufficient to ensure proper oversight of a council’s fiscal condition;

NOW, THEREFORE BE IT RESOLVED, that Section 145 regarding the duties of the Board of Trustees be amended as follows:

SEC. 145. Board of Trustees - Duties

The Board of Trustees shall consist of the Grand Knight and three members to be elected by the council. The Grand Knight shall be its chairman. At the first election of a new council, three trustees shall be elected, one to hold office for one year or until the next regular election, one for two years or until the second next regular election, and the other for three years or until the third next regular election, as determined by lot among themselves. Thereafter, at each succeeding election, one Trustee shall be chosen for a term of three years. The Trustees shall have supervision of all the financial business of the council and their approval shall be necessary for the payment of all moneys except Benefit Fund moneys and demands of the Supreme Council or Board of Directors or State Council, and the regular and usual stated payments of the council, and payments authorized by the council after notice and vote in accordance with Section 122. They shall audit the accounts of the Financial Secretary and Treasurer at least every six months, and in January and July and report thereon annually to their council, State Deputy, District Deputy and Supreme Secretary , upon blanks approved and the Supreme Council, according to rules set by the Board of Directors. and furnished by the Supreme Council. They shall see that the Financial Secretary and Treasurer give proper bonds running to the Knights of Columbus in trust for their particular council and in amounts fixed by said trustees, and they shall be the custodians of such bonds. But in case the Board of Directors shall bond such officers, the trustees shall be charged only with fixing the amount of such bonds in excess of the amount provided for by said Board of Directors, and in such case they shall have evidence that said officers shall have been bonded in such excess amount. They shall perform such other duties as their council or the District Deputy or Territorial Deputy or the officers of the Order may direct.

Amending Section 145 of the Laws of the Knights of Columbus

Resolutions