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Grand Knight Handbook

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34<br />

ber who has been in an exit status for a period of more<br />

than seven years. The amendment requires the applicant<br />

to appear before and be approved by the admission<br />

committee. In addition thereto the reapplicant<br />

must establish to the satisfaction of the committee that<br />

he has received the degrees of the Order. If this cannot<br />

be established the reapplicant shall be required to take<br />

any or all degrees.<br />

There should be a minimum of delay between the final<br />

acceptance of an applicant by the council and his initiation<br />

in the First Degree. Also very important is the fact that the<br />

insurance of an applicant does not become effective until<br />

he is initiated in the First Degree.<br />

COMPLETING THE AUDIT REPORT<br />

All three sections of the Audit Report (#1295) must be<br />

completed, and the audit must be signed by the grand<br />

knight and at least two trustees. If an entry is not applicable,<br />

the word “none” should be inserted on the line. Failure<br />

to complete any section or affix required signatures will<br />

necessitate return of the report to the grand knight. Please<br />

refer to page 41 for a sample Audit Report.<br />

SCHEDULE A — MEMBERSHIP — A major objective of<br />

the semiannual council audit is to reconcile local council<br />

membership records with those maintained by the<br />

Supreme Council Department of Membership Records. The<br />

sources for information necessary to complete Schedule A<br />

of the Audit Report are: (1) records the financial secretary<br />

maintains via the online Member Management System, on<br />

ledger cards, ledger sheets or FSPC ledgers, depending on<br />

the accounting system used by the council; (2) semiannual<br />

Council Rosters provided by the Supreme Council office<br />

and (3) monthly Council Statements sent from the Supreme<br />

Council office. The latter is especially necessary for associate<br />

to insurance, insurance to associate, transfers out of<br />

the council and, in some instances, death transactions<br />

recorded as a result of insurance claims processing. All<br />

REFERENCE

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