The officers of subnational, regional and multi country chapters shall maintain and present to the AIB Executive Board, at least once a year, an accounting of revenues and expenses, as well as a report on activities and a plan for the next year. While it is not anticipated that excessive surpluses will accumulate at a chapter, in that event the surplus shall be forwarded to the AIB Executive Secretary. The President shall be an ex-officio member of all standing committees. The Executive Board may create additional committees, and shall determine their size, composition and term of office. The AIB fiscal year shall begin on January 1 and end on December 31.
Dues are payable on the first day of the fiscal year.
Other dues categories may be created by the Executive Board. Hereafter, if because of inflationary pressures, further increases become necessary within a relatively short time, any such increase of more than 20 percent annually must be submitted to the Academy membership for ratification. Such a ratification can be voted either at the Annual Meeting or by a special mailing. Any necessary dues increase of 20 percent or less may be implemented by a two-third vote of the Executive Board members present and voting at an Executive Board meeting, provided a quorum is present. However, no more than two such dues increases can be implemented in this manner by an Executive Board within any three-year period.