The Treasurer is responsible for the management for the centres financial resources, including the accurate recording of all transactions and development of budgets. The key duties of the Treasurer include:
- Ensuring that adequate accounts and records exist regarding all financial transactions
- Preparation of the annual budget
- Issuing of receipts and prompt deposit of all monies into the Centre’s bank account
- Assisting the Registrar with the receipt of all registration monies and remittance of all fees due to the VLAA
- Making all approved payments promptly
- Keeping accurate and up to date records of all income and expenditure
- Acting as a signatory on the Centre’s bank accounts
- Managing the Centre’s cash flow
- Preparation of regular bank account reconciliations
- Being fully informed about the Centre’s financial position as all times
- Preparation and presentation of financial statements on a regular basis to the committee
- Preparation of annual financial accounts for presentation at the AGM
- Preparation of financial accounts for annual auditing
- In association with the Centre’s secretary, forward audited financial statement to VLAA and EMR on a timely basis
- Arrange, with the assistance of the VLAA, the insurance requirements for the Centre’s assets
- Collect and bank monies from canteen sales each week.