Below is a list outlining how long clubs should keep financial and administrative records. Depending on your club's needs, you may add items to this list. Your club should have a procedure in place to pass records from one administration to the next. Be sure to include a review of these records as part of your club's audit.
Governance and Charter Records: Permanently(Includes Articles of Incorporation and Bylaws, Club Constitution, Club Procedures and Standing Rules, charter papers, etc.)
Legal and Controversial Correspondence: Permanently
Minute Books and Membership Rosters: Permanently
Financial Records: 7 years (Includes internal audit reports, bank statements, cancelled checks, receipts and disbursements, etc.)
Administrative Records: 3-4 years (Includes routine correspondence, internal reports, etc.)
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