4. Financial Matters

  • 4.1. The President, Treasurer and Vice President shall have co-signing authority for all financial transactions of the local association.
  • 4.2. The Treasurer will reconcile all accounts by August 20th of each year and transfer them to the new Treasurer by the date of the school year start.
  • 4.3. The financial institution shall be determined by the executive.
  • 4.4. Approved expenses will be reimbursed at rates determined by the executive.
  • 4.5. Honoraria shall be awarded as determined by the representative assembly.
  • 4.6. Release time may be provided to local association officers through a decision of the representative assembly or general assembly. Release time for officers of the local is negotiated with the employing Board of Education through LINC. The local association will reimburse the Board of Education for the costs of releasing an employee to carry out roles and responsibilities for the local association.
  • 4.7. Reimbursement of Expenses
    • 4.7.1 PSTA members are eligible for travel expense reimbursement for the following committees and/or purposes:
      • 1. Executive meetings
      • 2. Representative Assembly Meetings
      • 3. Standing Committee Meetings
      • 4. Other meetings or purposes that are approved by the President
    • 4.7.2 Travel expense claims will be at the Executive approved rates based on the PSTA
      distance chart.
    • 4.7.3 Travel expenses shall be reimbursed at least twice per year.
      • 1. The president shall have all travel expenses reimbursed monthly.
    • 4.7.4 Travel expense claims shall be based on
      • 1. Any additional distance beyond the regular daily distance that a member
        would travel to and from their location of work, OR
      • 2. A minimum travel expense rate
    • 4.7.5 PSTA members are eligible to submit for a per day expense claim for the
      expenses other than travel incurred when attending the following:
      • 1. Executive meetings
      • 2. Representative Assembly Meetings
      • 3. Standing Committee Meetings
      • 4. Other meetings or purposes that are approved by the President
    • 4.7.6 The maximum amount of the per day expense will be approved by the Executive.
    • 4.7.7 Expense claims must be submitted within 30 days of the event.