Regulation 20

prepare and submit to the Bursar of the Polytechnic on behalf of the management committee the provisional budget of the club for the approval of the Board;

keep a record of the club’s accounts;

present at the annual general meeting the club’s audited accounts for the preceding financial year; and

receive, on behalf of the club, any funds that may be paid to the club; and such funds shall be remitted to the Bursar of the Polytechnic for credit to the club’s accounts.