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A Working Group that claims any beneficial interest in or control over any funds or financial
accounts whose aggregate value is $500 or more is determined to have a treasury and said to be
“operating with treasury”.
A Working Group may operate with treasury only if it requests permission and is granted
permission by the IEEE 802 LMSC to operate with treasury and thereafter complies with the
rules of this subclause. The Working Group request to operate with treasury shall be supported
by a motion that has been approved by the Working Group. The Working Group may, again by
Working Group approved motion, surrender IEEE 802 LMSC granted permission to operate with
treasury. The IEEE 802 LMSC may withdraw permission for a Working Group to operate with
treasury for cause.
A Working Group subgroup shall not operate with treasury.
15.1 Working Group financial operation with treasury
The financial operations of a Working Group operating with treasury shall comply with the
following rules.
a)
The Working Group shall conduct its financial operations in compliance with all IEEE,
IEEE SA, and IEEE Computer Society rules that are applicable to the financial operations
of standards committees. As of January 2005, the documents containing these rules
include, but are not limited to, the following:
1.
IEEE Policies, Sections 11 IEEE Financial Matters and 12.6 Contracts with Exclusive
Rights
2.
IEEE Financial Operations Manual, Sections FOM.3 Asset/Liability Management and
FOM.8 Contract and Purchasing Orders
3.
Computer Society Policies and Procedures Manual, Section 16.7.1 Checking
Accounts
4.
SASB OM 5.3 Standards development meetings
b)
The Working Group shall have a Treasurer who is responsible to the Chair and IEEE 802
LMSC Treasurer for the operation of the Working Group treasury, for ensuring that the
operation of the Working Group treasury and the Working Group financial accounts
complies with this P&P and follows prudent financial procedures. The Treasurer shall:
1.
Maintain a budget
2.
Control all funds into and out of the Working Group’s bank accounts
3.
Follow IEEE policies concerning standards meetings and finances
4.
Read the IEEE FOM
c)
The Working Group shall have an Executive Committee comprised of, at minimum, the
Chair, Vice Chairs, Secretaries, and Treasurer of the Working Group. The Chair shall be
the Chair of the Working Group Executive Committee.
d)
The Working Group shall open and maintain a Working Group bank account whose title
shall begin with “IEEE” followed by the numerical identity of the Working Group (e.g.,
IEEE 802.1). The IEEE 802 LMSC Chair shall be an authorized signer for the account.
IEEE 802 LMSC Operations Manual, v24 Revised August 31, 2020
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