Finance

Source of Funds

Funds for the operation of ITAG and its various institutions and programs are as follows:

(i) Membership Dues - All members of the ITAG will be required to pay annual membership dues determined as stipulated in Article 3.3 (b) of this Constitution subject to any amendments of the said fees by the Executive Committee as and when needed.

(i) Grants, Gifts, and Donations - ITAG shall actively seek grants from development agencies, government agencies, public enterprises, other foundations and NGOs, as well as corporations both within The Gambia, and overseas. In the same vein, ITAG will accept gifts and donations (both in cash and kind) from private individuals, and other entities.

(ii) Income-generating Activities - ITAG shall undertake income-generating activities such as project implementation and facilitation, custom research programs, and the sale of publications such as books, audiotapes, and video cassettes.

7.2 Budget

The budget shall be prepared by the President and Treasurer of ITAG, in association with other officers of the Association, and submitted to the General Assembly for approval.

7.3 Audits

A reputable auditing firm shall be appointed by the Association at each Annual General Meeting to conduct the annual audit of the Association’s accounts. The Auditor so appointed must have previously consented to act and provided to the Executive Committee an estimate of the financial cost of the audit. The Auditor shall hold office until the conclusion of the next Annual General Meeting.