1. The fiscal year of MSCSA shall begin on July 1 and end on June 30;

2. Each year the Cabinet shall present recommendation for the following year’s budget to the March GC for their review before the Spring GA;

3. The Spring GA must allocate a minimum of five thousand dollars ($5,000) to an account designated as contingency for the following fiscal year;

4. On July 1st, any unspent balance of funds carried over from the previous year shall be placed into an account designated as reserves; and

5. The GC must authorize all expenses exceeding the budget line item by more than ten percent.