What is a Treasurer?
A treasurer is a person who oversees the treasury, or monetary stores, of a government or other body. Clubs, corporations, and nonprofit organizations, as well as national and local governments, commonly employ treasurers. In the original use of the term, a treasurer was the person entrusted with the oversight of a noble’s wealth, or treasure. A treasurer is responsible for economic and financial matters, such as the maintenance and administration of funds, generating revenue, and keeping financial records. Treasurers create financial reports for their employers and analyze past financial records in order to predict future trends and plan appropriate budgets. The precise role of the treasurer in governments around the world varies. In the United States, for example, the Treasurer does not have direct control over all the actions of the Treasury, but reports to the Secretary of the Treasury and has limited financial authority, mostly related to the minting and printing of currency. In t
The Treasurer is responsible for managing the finances of the club and maintaining accurate financial records, and the club rules usually provide for the Treasurer to be appointed at the annual general meeting. The post of a Treasurer is a voluntary position although in larger organisations some of the Treasurer s work is undertaken by a paid Financial Controller, in which case the Treasurer will have a supervisory role. A newly elected Treasurer should meet the Auditor if the organisation has one, the outgoing Treasurer, and the Commodore or President, to discuss the work that needs to be done and the precise requirements of the Auditor. Although the Treasurer has primary responsibility for the finances, he/she must work closely with the other members of the committee and it is essential that the finances are handled in accordance with the constitution and with the decisions of the committee. The Treasurer is ultimately responsible for many functions related to finance whetherer worki
