Minnesota Government Finance Officers Association

Promoting excellence and leadership in the government finance profession

Constitution

ARTICLE I
The name of this association shall be: Minnesota Government Finance Officers Association.

ARTICLE II
The purpose of this association shall be to assert leadership in the field of governmental finance administration in the State of Minnesota as developed and recommended by the Government Finance Officers Association of the United States and Canada, the National Council on Governmental Accounting, Government Accounting Standards Board, and other Recognized authorities in the field of governmental administration, which includes the development of mutually understandable procedures of accounting, budgeting and financial reporting; the encouragement of the use of common terminology, classification, and principles in regard to those subjects; the encouragement of recruitment and training of qualified public officials and employees; the achievement of greater efficiency in governmental service and the development of mutual objectives of interest to public finance officers.

The Association is organized exclusively for charitable, educational, religious, or scientific purposes within the meaning of section 501(c)(3) of the Internal Revenue Code.

ARTICLE III
Active membership may be held in the Association by an accounting or finance officer, whether elective or appointive, in a public jurisdiction of the State of Minnesota. Associate memberships may be held in the Association by any persons not eligible for active membership who are interested in the principles and practices of governmental finance, and who subscribe to the purposes of this association. Such memberships shall be approved and classified by the Executive Committee as set forth in the bylaws. Only active members shall have voting rights.

ARTICLE IV
Officers of this association shall include: President, President-Elect, Secretary, and Treasurer. Terms of office shall be one year. Each officer shall advance to the next highest officer’s position at the end of the term. A Selection Committee shall select a member to fill the vacant Treasurer position. The President shall appoint a chair and members to the Selection Committee. The Selection Committee shall consist of the following members:

  • Two Past Presidents, at least two years out of office
  • An outstate, active member
  • An associate member
  • One other active member



Selection Committee shall serve two years. 1996 was the first year of the Selection Committee.

The Selection Committee shall accept applications and nominations from members. Members may apply themselves or nominate others. The Selection Committee shall consider nominations from active members. As a minimum qualification, any officer candidate must be an active member for a minimum of three years. The Selection Committee will also consider, as a minimum, willingness of the Treasurer candidate to make the necessary time commitment, leadership in government finance, and commitment to the Association. The Chair of the Selection Committee shall announce the Treasurer appointment at the annual meeting.

Any officer vacancy occurring during the fiscal year shall be filled by a majority vote of the Executive Committee to serve the remainder of the term. Duties of the officers shall correspond to those that normally devolve upon such officers.

ARTICLE V
There shall be an Executive Committee consisting of eight members, which shall include the Elective Officers, the Past President and the State Representative representing the Government Finance Officers Association of the United States and Canada, with the remaining members to be appointed by the President from the full membership directly after taking office. A public jurisdiction or firm can be represented by only one member on the Executive Committee. It shall be the duty of the Executive Committee to transact the business of the Association. Four members of the Executive Committee shall constitute a quorum for the transaction of business. No action of the Executive Committee shall be binding unless there are at least four affirmative votes. There shall be such other committees as the President or Executive Committee deems necessary from time to time.

ARTICLE VI
The Association shall hold an official annual meeting, and in addition may hold such other meetings during the year as the President shall call for the purpose of transacting business of the Association requiring official action. Special meetings of the Association may be called by the President by majority of the elected officers for transacting official business on not less than five days written notice to each member. At special meetings only those matters specified in the call may be considered.

ARTICLE VII
This constitution and bylaws may be amended at any regular or special meeting of the Association by a two-thirds vote of the active membership present, providing that written notice of the proposed amendment has been sent to all active members at least thirty days before the meeting.

ARTICLE VIII
Upon the dissolution of the Association, the Association shall, after paying or making provisions for the payment of all the liabilities of the Association, dispose of all the assets of the Association exclusively for the purposes of the Association in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law), as the Board of Trustees shall determine. Any such assets not so disposed of shall be disposed of by the Court of Common Pleas of the county in which the principal office of the Association in then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine which are organized and operated exclusively for such purposes.