Quote:
Originally Posted by Alumiyum
I found that odd, too. IIRC our checks had to be signed by either the president or VPF and the financial adviser or chapter adviser...but always by two individuals.
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This is how it should be to be able to be bonded. Collegians rarely understand why we do this. I often think they believe it's so they can't go spend all the money. They don't understand that it also protects their funds. One of the things we look at in a financial review is to make sure there are no pre-signed checks because it's "easier" to have one person (either alumna or collegian) sign a few checks ahead to reduce how often the two have to meet to sign them. It was fairly common back in my day to pay cash for dues also. It's very easy to just pilfer cash, especially if receipts are not issued immediately. This is one huge advantage to using Omega Fi.
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