BoardOnTrack Help Center

Find answers fast: Ask a question, search for keywords, or explore articles below.

Sample Job Description for the Treasurer

Member of and Elected by:

The Board of Trustees

Reports to:

The Chair and the Board of Trustees

Supports:

CEO, Business Manager, accountant or bookkeeper, and auditors as necessary.

Term of Office:

One year; renewable for three consecutive years.

General Responsibilities:

Provides direction for the financial management of the organization and facilitates the board in meeting its financial oversight responsibilities.

Specific Responsibilities:

  1. Chair of the Finance Committee.
  2. Provides direction for the oversight of the organization's record keeping and accounting policies.
  3. Ensures the presentation of timely and meaningful financial reports to the board.
  4. Ensures the development of an annual budget and its submission to the Board for its approval. Leads the monitoring of budget implementation.
  5. Oversees development and board review of financial policies and procedures. With the Finance Committee, monitors the adherence to financial policies and procedures adopted by the Board.
  6. Develops and monitors any investment policies adopted by the Board.
  7. Ensures that assets are protected and invested according to board policy.
  8. Leads the board in assuring compliance with federal, state and other financial reporting requirements.
  9. Presents the recommendation of the auditor to the Board for their approval. With the Finance Committee reviews the results of the audit including the management letter, develops a plan for remediation, if necessary, and presents the results to the Board.
  10. Recognizes his or her responsibility to set the example for other board members by contributing financially at a level that is meaningful to him/her and by playing a major role in fundraising activities.
  11. Takes responsibility for designing an annual board education program so that all board members can effectively conduct oversight of the financial health of the organization.

Qualifications:

  1. The treasurer must display a commitment to the organization and its principles, mission and goals, and the distinctions between governance and management.
  2. A strong understanding of the record keeping, accounting systems, financial reports and financial policies and procedures.
  3. An ability to focus on both the short-term and long-term financial health of the organization.

Indicators of effectiveness:

  1. Meets annual goals as identified and adopted by the board at the beginning of the leadership term.
  2. Is perceived by other board members as being transparent and efficient in delivering financial reports and as being aggressively protective of the integrity of the organization’s fiscal management.
  3. Is perceived by the CEO as supporting and adding value to their work.
  4. Is perceived by a majority of parents and other community members as being accessible, fair, constructive, and representative of the interests of the broader school community.

 

Updated

Was this article helpful?

1 out of 1 found this helpful

Have more questions? Submit a request