AASMAN Chapter 15 Financial Operations Overview Squadron Dues Area Dues National Dues Squadron Revenue Dues Squadron decided dues, yet must use restraint. May not charge honorary members dues. Dues go to EMC, not National HQ Fundraising Be creative, do things that other people have not done, you never know the outcome. •Fines •You can fine, but it must be stated in your governing publications. Area Revenue Dues Used to fund Area HQ. Must not exceed 25% of renewal rate for academic year. Dues go to EMC, not National HQ •Fund Transfer •Outgoing HQ must transfer at least $90 plus $6 per squadron to the incoming HQ, NLT last business session of NATCON •Fines •Same as Squadron policy National HQ Dues 50% of AFA Membership •Initiate Fees • Must cover cost of ribbon, certificate, and card •Budget •Operating budget of HQ will be provided and voted on at Executive Board Meeting.
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