The Treasurer shall keep the Board of Directors informed of the financial status of the organization, and make such recommendations as he or she deems necessary. 5.6 Quorum 1. A majority of the members of the COIN Executive Committee in attendance at a meeting of the Executive Committee shall constitute a quorum for the transaction of business. A majority of the members of the COIN Board of Directors in attendance at a meeting of the Board of Directors shall constitute a quorum for the transaction of business. Proxies are permitted as part of a quorum when the regular member provides advance notice of the alternate.
Proxies have voting rights.
5.7 Calendar COIN's fiscal year shall be July 1 through June 30. Recommend to the COIN Board of Directors an annual budget and dues structure. Act on the issues raised by the staff. Recommend policies for ratification by the COIN Board of Directors. Approve or reject applications for individual membership.