Policy: 2.12 Property Disposal Policy
Section: Finance
1.Purpose
The Northern Association of Community Councils Inc. (NACC) may have property that may become obsolete and/or not needed. This Policy confirms surplus property may be disposed of by the NACC as decided by the Board.
2. Authority
Under NACC By-laws, directors may adopt, amend, or repeal policies relating to the governance, management, operation, and affairs of the Corporation that are not inconsistent with the NACC’s By-laws, as the directors may deem appropriate from time to time.
3. Policy
Property Disposal
NACC property may become obsolete and/or not needed. Property will be disposed of according to the approved method ratified by the Board. All funds realized from property disposal shall be accounted for and used by NACC as determined the Board.
4. Monitoring and Review
This policy will be reviewed every two (2) years by the Executive Committee or more frequently if required to ensure compliance with any changes in employment standards to ensure its continued relevance and alignment with the NACC’s operations. Changes to the policy will be documented and communicated to the Board for approval.
5. Board Acceptance
This policy will be approved by the Board of Directors. The President / Chair of the Board will sign and date the policy to indicate its approval and adoption.
Reviewed: June 23, 2025
Revisions Approved: June 23, 2025