Section 1.

The budget and the registration fee for the coming year shall be set by the Board of Directors before the end of each fiscal year.

Section 2.

A statement showing the annual registration fee shall be provided each member.

Section 3.

All dues and fees levied and collected shall be income to the Association.

Section 4.

Adequate non-allocated reserves for depreciation, obsolescence, and losses for bad accounts shall be established and maintained.

Section 5.

Any net earnings after payment of all costs and expenses, together with reasonable reserves, may be retained by the Association as non-allocated surplus.