Board of Directors/Treasurer/Role Description

From PCSAR

Document status

Is this document a draft? Official?

This document is APPROVED. It was adopted by the Board of Directors at the October 7, 2014 board meeting.

Position description

Summarize what the role does within the organization.

The Treasurer is responsible for the management and reporting of the association's finances.

The Treasurer is a Voting Member of the board. At annual elections, the position of Secretary may be combined with that of Treasurer. If that is done the Secretary Treasurer gets only one vote.

Responsibilities

List the major areas of responsibilities.

The Treasurer makes sure that the finances of the society are properly managed. Normally, the actual work is delegated to the Administrator, but when the Administrator is unable to do so, the Treasurer directly performs the work.

• As a board member, assume shared legal responsibility for the actions of the organization
• Oversees the work of the Administrator as it relate to the responsibility of the Treasurer
• Assist in preparation of the budget.
• Ensure the Board's financial policies are being followed.
• Reports to the Board and Members on the finances.
• Monitors the budget.
• Prepares required financial report/forms.
• Maintains bark account
• oversees the financial transactions.

Treasurer's signature should be on all cheques, plus one other board member.

Knowledge, Skills, Abilities

List what knowledge, skills, abilities and time are required or desired.

• Financial skills
• bookkeeping
• good organizational skills
• able to prepare financial statements (Balance Sheet and Profit & Loss Statement).
• Able to monitor a budget and report on it.
• Good communications skills.
• Possible secondary education in accounting.

Resources

List what the organization supplies to help the person in this role.

• Officer's Errors and Omissions liability insurance coverage
• Staff Adminstrator
• Board
• Revenue Canad (website)
• wiki