Adequate controls on the use of the local’s funds are essential to the fiduciary responsibility by the local’s elected officers. There should be at least three signatories on file with the banking establishment. Two of these signatories are a minimum for each disbursement. Every disbursement must be made by check. The checking account bank balance will be reconciled with the cash disbursement’s journal monthly. There should be no funds released without adequate documentation such as a legitimate invoice or receipt. The principal officer in charge of writing checks should not be receiving the canceled checks and checking account statements from the bank at the close of monthly business. Protect the checkbook in a secure and locked location.