ARTICLE9 BANKING ACCOUNTS 9.1 RETOSA Secretariat shall, following acceptance, instruction or approval of the Board, open banking accounts as may be necessary, at registered recognised commercial banks and deposit therein, not later than the first banking day following the day of receipt, any and all monies received by it from any source. All monies not required for immediate use or as a reasonable operating balance shall, under the supervision of the Executive Director be invested in such authorised accounts to best advantage until required. Cheque books and securities for such accounts shall be held at the office of the Executive Director, or at RETOSA's Principal Office, or such other RETOSA office as may be appropriate. 9.2 Signatories on the accounts or on any other funds and financial documentation shall jointly be that of the Executive Director, plus one other Board member or accepted person or two such other accepted persons in the absence of the Executive Director, whose names shall have been forwarded to the bank by an office responsible for such affairs. ARTICLElO FUNDING. FEES AND ACCOUNTING 10.1 Funding of RETOSA shall be by a combination of mechanisms: i) Annual subscriptions from Membership; ii) Fees, income and commissions raised from RETOSA operations, regional systems, members services, royalties projects, sale of brochures or nay other iterns, or from investments made in terms of Article 9.1 in this Charter. 10.2 RETOSA may be funded from donor-sourced funds relating to specific projects. 10.3 Annual membership subscription fees, commissions for services, or any other income raised as per recommendation by the Executive Director shall form part of the funding of RETOSA. 10.4 The Secretariat of RETOSAshall ke.ep.a proper recor.d of its annual books of accounts, property and all its financial transactions and shall in each financial year prepare for circulation and consideration at the AGM meetings, statement of accounts of income and expenditure, including a balance sheet reflecting in all necessary detail, its assets and liabilities as at the end of the preceding financial year. 10.5 RETOSA's financial year shall be from the first (1st) day of April every year until the thirty first (31st) day of March of the following year. 12