Treasurer

Responsibilities

The Treasurer is responsible for the management of the Club's accounts and its financial dealings.

Duties

• Prepare an Annual Budget, and be prepared to present this when required by the Board/Committee along with a Variance Report.
• Prepare monthly financial reports to be presented when required by the Board/Committee (usually every meeting) and/or your District Junior League.
• Prepare full annual financial statements for presentation to:
  • The financial auditors of the Club.
  • The AGM of the Club.
  • The District League
  • The Department of Fair Trading
• Prepare and submit Business Activity Statements if required.
• Manage the Club's cash flow and maintain a working level of petty cash.
• Be fully aware of the financial position of the club at all times and keep the Committee informed of all financial trends and any areas of concern.
• Issue receipts and promptly deposit all monies received.
• Be responsible for ensuring that adequate records are kept regarding the Club's financial transactions.
• Be a signatory on Club's accounts with at least one other person.
• Ensure that other Club members do not handle, deposit, pay out or otherwise deal with Club funds without your knowledge.
• Invest surplus funds and manage the Club's investment program.
• Acquit funds received from government and/or Council grants and submit the necessary financial statements.
• Handle payroll and income tax for employees if necessary.
• On behalf of the Board/Committee, negotiate with financial institutions for overdrafts, loans, mortgages and other facilities as required.