Section 7

The funds should be used solely to achieve the aim of the Society as stated in Section I, Article 2.
Any Committee member who wishes to claim money from the funds must have receipts or invoices. When these are not available, the recipient must sign a voucher.
All receipts and invoices together with a financial report of a particular function must be submitted to the Financial Secretary within two weeks of the end of the function.
All surplus of a particular function must be submitted to the Financial Secretary within two weeks of the end of the function.
All funds must be used in appropriate manner.
The Executive Committee shall deposit the remaining amount of money for the succeeding Executive Committee.
A budget shall be prepared by the Financial Secretary at the beginning of each session.
An Annual Financial Report shall be presented at the Annual General Meeting.
When there is no succeeding Executive Committee, the Executive Committee must nominate a teaching staff of the Department of Physics, Faculty of Science, The University of Hong Kong, to become Honorary Treasurer to manage all the assets of the Society until there is new Executive Committee.

If the Executive Committee incurs in any liabilities, it shall be the responsibility of the Executive Committee members of the session in which the debts or liabilities are incurred to meet such debts or liabilities.