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GRS MotorsportGRS MotorsportAsociatia Club SportivRO/EN

— Legal information

Financial accountability policy

Proposed framework document. This policy must be reviewed and formally adopted by the association's governing bodies before it is considered official.

01

Responsible management

The association's funds are used exclusively for the purposes set out in its statutes.

02

Accurate records

All income and expenditure is recorded in line with accounting law for nonprofit entities.

03

Transparency

Annual financial statements are presented to the General Assembly and published after approval.

04

Use of funds

Expenditure is approved according to the powers set by the statutes and supported by documentation.