Volunteer Board position as Treasurer

Board Tresurer

The treasurer of a nonprofit organization acts as the financial officer of the board, overseeing financial management, budgeting, reporting, and regulatory compliance to ensure the group remains fiscally healthy and transparent.

Core Financial Oversight ·        Review monthly and quarterly financial statements for accuracy, reconcile bank accounts and financial statements, which they present at board meetings. ·        Monitor cash flow and spot money problems early ·        Track restricted funds and donations correctly ·        Lead the board’s finance committee ·        Regularly attends board meetings and important related meetings. ·        Make a serious commitment to participate actively in committee work such as fundraising.

Budgeting and Planning ·        Help staff create the annual budget ·        Present budget recommendations to the full board ·        Compare actual spending and income against projections ·        Advise on the financial impact of new programs

Compliance and Audits ·        Ensure timely filing of annual tax forms like the IRS Form 990 ·        Serve as the main board contact for external financial audits, review the annual audit and answer board members and Executive Director’s questions. ·        Help build and maintain internal controls to prevent fraud ·        Oversee investment policies and reserve funds if applicable

Assists the Executive Director and Board Chair (President) in preparing the annual budget and presenting it to the board for approval.