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.
