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The watchdog of all aspects of financial management
1. The Watchdog Of All Aspects
Of Financial Management
Treasurer-
2. A treasurer is the information and reference point for the management
committee members.
Dedication, sincerity and financial expertise are the keys to succeed in this elevated
position.
Skills, qualifications and the current dynamics of an organisation determine the job
activities of a treasurer.
4. Financial Oversight
๏ผ Overseeing and presenting accounts, financial
statements and budgets to the committee
๏ผ Liaising with designated team for financial
matters
๏ผ Ensuring adherence to appropriate legislation
5. Funding, Fundraising & Sales
๏ผ Advising on the companyโs fundraising strategy
๏ผ Making sure the use of funds conforms to the set conditions
๏ผ Ensuring that fundraising and sales follow relevant legal guidelines
6. Reporting To The Board
๏ผExplaining any major divergence between the budgeted and actual expenditure
๏ผDiscussing alternative courses of action to balance the discrepancy
This is the most challenging duty of a treasurer. Excellent power of judgment makes the
difference.
7. Duties Involve
๏ผ Financial planning, budgeting and reporting
๏ผ Controlling companyโs assets and stocks
๏ผ Banking
๏ผ Book-keeping and record-keeping
8. The safe-keeping of a companyโs funds is totally dependent on
the treasurer.
You have a big and a very crucial to play when you hold the position of a treasurer.