The resources of the Association shall consist of: (i) annual dues paid by Members; (ii) bequests and contributions by sponsors and (iii) other revenues deriving from the activities of the Association. The annual membership fee shall be determined by the General Assembly.

The funds of the association may be used only for purposes provided for by the Articles of association. Members shall receive no monetary allocations from the funds of the association.

Nobody may benefit from payments which are not connected to the purpose of the Association, nor shall anyone benefit from disproportionatley high remuneration.

a) Fiscal year

The fiscal year of the Association shall be equal to the calendar year, beginning January 1st and ending December 31st of the same year.

b) Books

The Secretary General shall keep correct and complete books and records of accounts.

c) Auditors

The Board shall appoint a professional independent auditor to audit the accounts and the yearly financial statement.

d) Reporting

Within six months of year’s end, the Secretary General shall submit a complete audited financial statement to the Board for presentation to and approval by the General Assembly.