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SOUTH ORANGE RESCUE SQUAD,INC. <br /> North Carolina <br /> Standard Operations Manual <br /> Subject: Annual Budget SOM No.: FIN-001 <br /> Effective Date: July 14,2005 <br /> Revision Date: Authorization Signature: <br /> 5.8. The draft budget shall be presented by the Board of Directors to the Membership at the Annual <br /> Business meeting in November for final review,discussion and vote by the membership. Simple <br /> majority vote by the membership shall constitute approval of the annual budget. <br /> 5.9. The budget shall be adopted by the Board of Directors at the next Board of Directors meeting. <br /> 6. GUIDELINES <br /> 6.1. The budget should be adopted by the membership and Board of Directors prior to the beginning <br /> of the fiscal year to which it pertains. <br /> • <br /> 7. TERMS <br /> 7.1. N/A <br /> 8. REFERENCES <br /> 8.1. N/A <br /> FIN-001 Annual Budget.doc <br /> -Page 2of2- <br />