Saint Hill Manor, East Grinstead, Sussex HCO POLICY LETTER OF 8 JUNE 1971RA Issue I REVISED AND REISSUED 27 OCTOBER 1982 (Cancels BPL 8 June 1971R of same title) (Revised to update the original HCO P Land to make this a proper HCO PL with the full power of policy.) (Originally issued incorrectly as Finance Series 6.) | Saint Hill Manor, East Grinstead, Sussex HCO POLICY LETTER OF 8 JUNE 1971 |
FINANCE OFFICE ACCOUNTS | FBO ACCOUNTS |
(Refs: | HCO PL 17 Feb 1971 BASIC FBO DUTIES) |
| FBO No. 1 and No. 2 accounts are in the local org’s name, but are controlled by the joint signatures of the org FBO and A/G (or A/G F), who administer them strictly in accordance with the policies of Central Management which govern their use. |
Thus the FBO account names become: FINANCE OFFICE (org name) No. 1 ACCOUNT and FINANCE OFFICE (org name) No. 2 ACCOUNT. | |
Finance Office No. 1 and No. 2 Accounts are in the local org’s name but are controlled by the joint signatures of the org FBO and Finance Enforcement Officer who administer them strictly in accordance with the HCO Policy Letters which govern their use. | In the event of prolonged absence of FBO or A/G without deputy the Exec Dir may substitute as joint signer until such time as a deputy FBO or A/G can be appointed. |
Thus the FBO account names become: FINANCE OFFICE (org name) No. 1 ACCOUNT and FINANCE OFFICE (org name) No. 2 ACCOUNT. | International signatories are: |
In the event of prolonged absence of FBO or Fin. Enforcement Officer without deputy, the CO/ED may substitute as joint signer until such time as a deputy FBO or Fin. Enforcement Officer can be appointed. |  |
International signatories are | The checkbooks for these FBO accounts are securely kept by the FBO. |
 | Weekly and monthly financial summaries on these accounts are made up by the FBO and sent to Flag Finance Office. |
The checkbooks for these FBO accounts are securely kept by the FBO. | TAX AND BALANCE SHEETS |
Weekly financial summaries on these accounts are made up by the FBO and sent to Continental and Int Finance Offices. Monthly, quarterly and annual audits on these accounts are the responsibility of Department 9, however it also remains a Finance Network responsibility to see that these do occur and to personally produce them in default of Department 9 with Danger conditions assigned and enforced if such bypass is required. | The FBO No. 1 and No. 2 Accounts are part of org records as regards tax and balance sheet preparation; the No. 1 account representing all org income receipts and transfers for org expenses, WW 10%s and Management fees, and the No. 2 account representing partial payments of Management fees by means of local funds placed at the disposal of Central Management. |
TAX AND BALANCE SHEETS | While they are org accounts in this regard, both accounts are used entirely at the discretion of Central Management, under whose corporate authority the FBO operates. They have no part in Org Cash/Bills figures, and are not considered to be org funds in any other sense than for accounting purposes. |
The Finance Office No. 1 and No. 2 Accounts are part of org records as regards tax and balance sheet preparations; the No. 1 Account representing all org income receipts and transfers for org expenses, and management fees, and the No. 2 Account representing partial payments of management fees by means of local funds placed at the disposal of Central Management. | Flag Finance Aide for L. RON HUBBARD Founder |
While they are org accounts in this regard, both accounts are used entirely at the discretion of the FBO. They have no part in org cash/bills figures, and are not considered to be org funds in any other sense than for accounting purposes. | |
Founder | |
CHURCH OF SCIENTOLOGY INTERNATIONAL Adopted as official Church policy by the CHURCH OF SCIENTOLOGY INTERNATIONAL | |