Unit Use of Credit Card/Debit Card

WHEREAS, for the purposes of renting vehicles and reserving hotel rooms and making airline reservations most businesses are requiring a credit card or a debit card, and

WHEREAS, recognizing the need for fiduciary responsibility and accountability, credit or debit transactions should have to go through the same vetting process as checks, and

WHEREAS, a requisition should be required and transactions should be authorized during Executive Committee meetings, and

THEREFORE, BE IT RESOLVED, that the President and CEO and the Chief Financial Officer of the National Association for the Advancement of Colored People shall review the Association's current policies concerning credit or debit transactions for the purpose for securing hotel reservations and airline tickets and online service providers; and

BE IT FINALLY RESOLVED, that the Finance Department shall develop and distribute appropriate guidance for the use of Credit and Debit Cards by the Units for the Association no later than January 1, 2008.