The Treasurer will oversee the management of the financial affairs of the organisation, including such basic tasks as selecting a bank, reconciling bank statements, and managing cash flow. The Treasurer is knowledgeable about who has access to the organisation’s funds and any outstanding bills or debts owed. The Treasurer will create and maintain systems for ensuring the organisation’s ongoing solvency and oversee the development of the organisation’s financial policies. The Treasurer will be responsible for preparing, or facilitating the preparation of an annual budget, as well as regularly monitoring and comparing the actual revenues and expenses incurred against such budget. The development of a budget that supports the organisation’s goals and drives decision-making. The budget will be reviewed and approved by the board, however, the Treasurer should be prepared to explain and justify the document. The Treasurer will have thorough knowledge and understanding of the organisation’s financial reports and important financial ratios.
A member of the board “at large” has no specific duties unless assigned by the chairman of that board or a board committee but has the same rights and responsibilities as other board members. The director at large will manage special projects outside the scope of on-going directors and committees and may be asked to fulfill other director duties in their absence interim as a new director is elected.
