There is hereby established a procedure wherein
volunteer or nonprofit organizations that receive contributions from
the Township of Manchester shall provide an annual audit of the organization's
financial records.
Each organization which received voluntarily
contributions from the Township of Manchester shall provide the Chief
Financial Officer of the Township an audit performed by a certified
public accountant for the year in which the contribution is accepted.
The audit shall be performed by a certified
public accountant or registered municipal accountant and shall certify
to the Township Council that the records of the organization are being
maintained in accordance with strict accounting principles.
The audit shall be provided to the Township's
Chief Financial Officer no later than the end of the organization's
fiscal year during the year in which the voluntary contribution is
accepted.
The Township's Chief Financial Officer shall
submit a report of the organization's audit to the Township Council
as soon as possible after its receipt.