Grand Knight Handbook

28
tions. All monies that come to the council from any source
are received and collected by the financial secretary. He then
turns these monies over to the treasurer at the end of each
meeting.
The treasurer must give the financial secretary a receipt for all
monies turned over to him and this receipt must be given to
the grand knight, who reads it at the next council meeting. In
this manner the grand knight is completely informed of
monies received by the council.
Following each meeting of the council the treasurer must
deposit the monies received from the financial secretary to
the credit of the council in a bank approved by the trustees of
the council and he must furnish to the grand knight a receipt
of such deposit. Of course, the amounts of these two items
must be identical, i.e., the amount of the money turned over
to the treasurer by the financial secretary and the amount
which the bank receipt shows the treasurer deposited to the
credit of the council. This receipt must be read by the grand
knight at the next council meeting. The grand knight and the
council are thus kept informed of the fact that monies
received by the council have been properly deposited to its
credit.
Under no circumstances is the financial secretary permitted
to deposit the money in the bank or perform any other duty of
the treasurer. The two offices are intended to be a check
against each other and therefore, neither officer is permitted
by law to perform any of the duties of the other.
By the reading of bills against the council at every council
meeting, the grand knight and membership know what obligations
are being incurred. And since he must countersign all
orders for payment of council bills that are drawn by the
financial secretary on the treasurer and countersign all checks
drawn and signed by the treasurer [section 135 (5)], he knows
what obligations are being incurred by the council and
whether these are being properly handled.