We require co-signers on checks as a safety net. We have the Finance Advisor as a signee on the checks. I'm not sure about the Chapter Advisor since she lives out of town.
I know of one chapter that didn't have advisors sign checks; they didn't even know they had a budget..they just went to the collegiate treasurer and she signed the check!
Sounds like that joke. "How can I be out of money? I still have checks left!!