Butterflies en Mexico by Mariposa Project
Policies and Procedures
Policy Section: Finances
Supersedes Policy and Procedure No:
P & P No: 2
Approved on: 6-21-11
Approved by: Board
Reviewed: 9-27-12, 9-23-14, 10-04-16
POLICY: Spending of income
PURPOSE: Clarifying who, how and what procedure will be followed when spending capital of the organization.
RESPONSIBLE PERSON (S): Executive Director/Board President
Long notice – a vote of the board will agree on expenditures of over $500 USD or the current exchange rate in pesos.
Short notice (less than a week) - In case of an emergency the executive director and board president must mutually agree that an emergency amount of money is required to remedy the situation.
EVAULATION: Review bi-annually