Chapter IV - Economic-financial Activity

Article 32

1- The accounting of economic-financial management will be done so in accordance to the official plan of accountancy, with adjustments that that reflect the accounting norms relating to sports.
2- The costs of the Club are designed solely with the aim of its maintenance, direct or indirect, and the maintenance of its respective activities.
3- Outside of the cases provided for in this article and unless the General Assembly expressly acts in a different way, ordinary and extraordinary expenditures may not exceed more than ten percent, in any fiscal year, the total revenue for which was budgeted and should in any case be indicators of the financial flow that is intended to cover any deficit/shortfall (Alteration made in the scripture of the 26th of January 1999).
4- The realisation of an expenditure that is superior to that for which was budgeted, up until the limit of ten percent, is subject to the opinion of audit by the Fiscal and Disciplinary Council, with the prior authorisation of the General Assembly also required for the increasing of a budget deficit greater than that referred to above (Alteration made in the scripture of the 26th of January 1999).
5- The raising of funds, whatever their purpose, through donations or subscriptions, by individuals or through committees in commission, is subject to the prior authorisation of the Board ('Conselho Directivo').
6- The annual economic exercise of the Club is to run from the first of July of the calendar year until the thirtieth of June of the following calendar year. (Alteration approved in the General Assembly of the 29th of July 2004).
7- Unless another decision is taken by the General Assembly, with a majority of, in the least, two thirds of the votes cast the, a violation on the part of the Board of provision number 4 of this article will result in immediate loss of mandate on part of its members and the impossibility, for seven years, of whatever member to return to the governing bodies of SPORTING CLUBE DE PORTUGAL.
8- Supplementary budgets may exist..

Article 33

1- The Board shall submit to the Table of the General Assembly, until the fifteenth of June of the respective year, or until the fifteenth of July if an election has just passed in the period fixed by number 2 of article 46, (alteration approved in GA on the 29th of July 2004) the budget of revenue and expenditure for each financial year, accompanied by a plan of activities and and the opinion of the Fiscal and Disciplinary Council.
2- The budget management ought to be conducted in a form that is rigorous and transparent; the members of the Board are personally responsibly for whatever relatively negative differences in the budget that has not statutory or legal justification.

Article 34

1 - The Board shall elaborate and submit to the General Assembly, until the thirtieth of September (alteration approved in GA on the 29th of July 2004), the management report, the record of accounts and other documents of prestige of relative accounts of the anterior economic year, accompanied by the report and opinion of the Fiscal and Disciplinary Council.
2- It is to be a specialised auditing company, of recognised international rapport, with a representation in Portugal, which is to realise the annual auditing of the accounts of the Club; the opinion of the auditing company is to accompany, obligatorily, the documents referred to in number 1 of the present article.
3- The management report, the accounts and documents referred to in the anterior numbers ought to be made available to members, at the Club during normal hours, as of the eighth day anterior to the designated day of the respective General Assembly that is convened under ordinary circumstances; the consultation of the referred documents it to be made solely by the member that has requested to do so.
4- Unless another decision is taken by the General Assembly, by a majority of, in the least, two thirds of the votes cast, a violation of the the period of submission up until the fifteenth day of the month established in number 1 of article 33 on the part of the Fiscal and Disciplinary Council in relation to the body at fault will result in the immediate and total removal of mandates of its members and the impossibility for its members to be re-elected to governing bodies in the elections immediately following.