FINANCIAL POLICY OF ZİLE CHAMBER OF COMMERCE AND INDUSTRY

Zile Chamber of Commerce and Industry was established in 1948 to meet the needs of its members, facilitate and develop their professional activities, maintain discipline, morality and solidarity in order to ensure honesty and trust, and to fulfill the services written in Law No. 5174 and the duties assigned to the chambers by legislation.

Zile Chamber of Commerce and Industry, with the authority granted by Law No. 5174, forms its financial policy with the resources consisting of registration fees, annual membership fees, additional membership fees, fees received for services rendered, document fees, publication revenues, donations-aid, affiliates and other revenues received from its members and the expenses it will make to fulfill the above-mentioned establishment purposes.

FINANCIAL MANAGEMENT
Zile Chamber of Commerce and Industry, which operates within the framework of Law No. 5174, operates in accordance with generally accepted accounting principles and a uniform accounting system and provides timely and accurate financial information to assist in the management, monitoring and control of financial resources. Our chamber operates with a budget approved by the assembly.

Other reports requested, especially in the form and content specified by law, are submitted to the Board of Directors, Accounts Review Committee and Chamber Assembly on a weekly and monthly basis.

The legal representative of Zile Chamber of Commerce and Industry is the Chairman of the Board of Directors. Our Chamber is bound by the joint signatures of the Chairman of the Board of Directors and at least one board member or the general secretary.

We can classify Zile Chamber of Commerce and Industry Financial Management under 3 headings.

A) ACCOUNTING MANAGEMENT
Principles and methods of recording, classifying, summarizing, analyzing and interpreting information regarding financial transactions that create changes in the assets and liabilities of the Zile Chamber of Commerce and Industry as a result of its activities.

PURPOSE – SCOPE:
Zile Chamber of Commerce and Industry prepares its annual current budget to be approved by the Assembly within the scope of Law No. 5174 and the Budget and Accounting Regulation and carries out its activities according to this plan during the year. The chamber budget is prepared by the board of directors in accordance with the type to be prepared by the Union and the accounting methods to be determined and approved by the Assembly. The budget is prepared according to the calendar year.

APPLICATION:
Expenditure from the budget is made with the joint signature of the chairman of the board of directors or his authorized deputy and the general secretary or treasurer.

Expenditures up to the amount determined by the assembly upon the proposal of the Board of Directors may be made ex officio by the general secretary, provided that they are subsequently submitted to the approval of the Board of Directors.

Again, acting in accordance with the Budget and Accounting Regulation within the framework of the same law, Zile Chamber of Commerce and Industry organizes its accounting records in accordance with generally accepted accounting principles and a uniform chart of accounts.

It has established its system to provide transparency, accurate information and timely information in line with generally accepted accounting principles, and regularly presents its financial reports to the board, commission and relevant parties to facilitate the control and management of financial resources and expenditures.

Zile Chamber of Commerce and Industry plans its expenditures according to its annual income (source). Within the framework of this plan, it organizes its expenditures and ensures the balance between resources and expenditures.

REPORTING – EVALUATION
According to Law No. 5174 and Article 30 of the Budget and Accounting Regulation: Final account consists of balance sheet, balance sheet, budget expenditures and budget revenues final account tables and other tables as needed.

In chambers and commodity exchanges, the final accounts are presented to the parliament by the board of directors within two months at the latest, starting from the end of the relevant fiscal year.

The final account submitted to the assembly is referred to the accounts review committee for review. The committee examines the final account referred to it within the period determined by the assembly president, prepares its opinion in a report and presents it to the assembly.

The Assembly approves or rejects the final account, taking into account the report prepared by the commission, within three months at the latest, starting from the end of the relevant financial year.

If the final account is approved, the board of directors is deemed to have been discharged.

B) FINANCIAL MANAGEMENT:
It is to provide the funds required by the business with its existing funds under the most appropriate conditions, to preserve the value of these funds and to use them effectively.

Zile Chamber of Commerce and Industry evaluates its assets as time deposits and subsidiaries.

The Board of Directors is the executive body, and the Accounts Review Committee may submit its views on financial management to the assembly in the form of a report. The treasurer informs the board of directors about the evaluation of funds, profitability, and high returns.

C) CONTROL:
Our Chamber is in search of providing better quality service by using the existing resources in the most effective way. Financial management and controls are management tools that provide sufficient information and assurance to the management as a product of these searches.

The Board of Directors of the Zile Chamber of Commerce and Industry may, if it so desires, have its financial structure audited by independent auditing institutions. The conformity of the financial statements and management accounts is presented in monthly reports.

Creating a healthy control awareness in management and establishing and operating an effective financial control environment and organizational structure are among the basic duties of management.

It is extremely important for our institution to check whether the mechanisms work as expected and whether the results obtained are sufficient.

In addition, an Accounts Review Committee has been established based on the relevant article of the Budget and Accounting Regulation. Collections and expenditures and other accounting work and transactions can be checked by the treasurer member at any time and by the accounts review committee during meeting periods.

Mevzuata aykırı işlemler ile görülen aksaklık ve eksiklikler sayman üye tarafından yönetim kuruluna, Hesapları inceleme komisyonu tarafından ise Meclise bir rapor halinde bildirilir.

Zile Chamber of Commerce and Industry Financial Management and Scope of Controls

· Incorporating good financial management and control principles into decision-making processes and related systems, policies and procedures that support management.
· Announcement of corporate strategies, priorities, goals, targets and planned performance.
· Establishing systems and implementing practices to obtain and allocate resources for permitted purposes and to protect them from loss.
· Providing the management with the necessary reliable information about the financial results of the decisions taken and the deviations from the targeted performance. Analyzing the changes to be made in order to take remedial measures in the financial plan and determining these changes.
· It aims to ensure accountability for the implementation of delegated authority, the use of resources and the achievement of results.