Executive Role – Treasurer

  • Mon, January 06, 2025 5:00 PM
    Message # 13447007
    Anonymous member (Administrator)

    BAC treasurer is responsible for the financial management of an organization, and their role includes:
    Budgeting - Overseeing and presenting budgets to the board, and ensuring that the organization operates within its budgetary constraints
    Financial reporting - Preparing and distributing financial reports to the board and other stakeholders, such as balance sheets, cash flow statements, and annual reports
    Financial strategy - Advising the board on financial strategy, including potential opportunities, risks, and tax implications
    Internal controls - Establishing and monitoring internal controls to safeguard BAC’s assets and prevent fraud
    Compliance - Ensuring that BAC is compliant with all relevant financial and accounting regulations
    Investing - Investing BAC’s funds and ensuring that they are following all relevant laws
    Auditing - Participating in the annual audit and preparing the audit report
    Succession planning
    - Planning for their own succession or offering recommendations to the nominating committee.

    The treasurer's role is critical for facilitating informed decision-making and demonstrating the organization's commitment to sound financial management.

    Contact bacmymembership@gmail.com if interested.

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