Financial and Asset Management

Financial and Asset Management

• The CAIC sources of funding consist of membership fees, sponsorship, service charges, physical income and other legal income.The CAIC sources of funding consist of membership fees, sponsorship, service charges, physical income and other legal income.
• The fiscal year of the CAIC ends on December 31st of each year unless otherwise amended by the CAIC Council.
• All the financial records and vouchers shall be kept by designated personnel, and be tabulated regularly. The financial statements shall be available to all members, within three months after the end of each fiscal year.
• The standard of the membership fee shall be determined in accordance with the financial management system of the CAIC, which is approved by the General Assembly. The membership fee is non-refundable under all circumstances.