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Treasurer is responsible for proper management of organisation’s money and property. In small organisation, the treasurer may deal with all aspects of financial management including keeping records. Larger organisations with paid staff may delegate day-to-day financial management to a paid finance worker or another staff member, who would report to the treasurer or senior staff member. The treasurer needs to make sure the books are intelligible and the group members understand the accounts
The treasurer‘s responsibilities may include the following:
- general financial oversight and control
- managing income – funding, contracts, fundraising and sales
- financial planning, budgeting and reporting
- banking, bookkeeping and record keeping
- preparing the accounts for AGM
- lead on financial planning discussions by the trustees which might include
- investments
- riskmanagment issues
The treasurer's role is to lead on finance & / or to obtain appropriate advice, but all committee trustees have an equal responsibility for financial decisions.
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