Role of Board Treasurer
Role of Board Treasuer
The Board Treasurer has a wide range of responsibilities relating to the association’s finances. As with most board positions, the treasurer position is time-consuming and is one of the more critical and most scrutinized positions. While it’s dependent on the size of the community, the treasurer should be prepared to deal with a large-scale budget and complicated reserve funds.
For smaller communities, the treasuer might have it a bit easier with creating or updating a smaller budget and just preparing the annual tax return. It’s imperative that you understand the responsibilities and potential risks associated with this position to minimize exposure to claims.
For more information on Role of Board Treasurer – watch our full webinar that focuses on the specific duties of the board treasurer.
Webinar Summary:
- Custodian of funds and financial records of the association
- Oversees the financial records and reports performed by the association manager
- Coordinates the development of the proposed budget
- Gives financial report at the annual meeting