ARTICLE X.  ANNUAL STATEMENTS

Section 1.  An annual audit of the NRHA financial statements shall be performed by a an independent certified public accountant accounting firm at the close of each fiscal year.   Results of said audit will be reported at the next annual meeting of the members following the completion of said audit close of such fiscal year and published on the NRHA website as soon as practical after the completion of said audit in a timely manner.  Such accountant accounting firm shall be an independent as defined by the AICPA (American Institute of Certified Public Accountants) Independence guidelines.

Intent of Proposal (include additional pages as necessary)

NRHA’s fiscal year-end use to be 12/31, with annual statements presented at the General Membership meeting held annually in Ohio in October. NRHA changed its fiscal year-end to 6/30 several years ago, combined with the planned move of the annual General Membership to August, requires a by-law  change that will allow the current fiscal year-end, completion of our annual audit, and reporting to the general membership to work together in harmony.  In addition, this will allow the annual statements to be presented immediately at the next General Membership meeting once the audit is completed, and will give the organization the ability to move General Membership meeting dates if needed to better serve the membership and to not violate this article when doing so.