I found this over at Clubs Online and thought it was a great summary of the key responsibilities of the volunteer treasurer.

The page has a clear and concise summary of the treasurer’s role so if you are new to the position of volunteer treasurer, jump over and take a look.

Legal duties of a volunteer treasurer

The treasurer’s 10 commandments:

  • Issue receipts for all money received.
  • Promptly bank all money received.
  • Seek out the safest and most productive place to bank the organisation’s cash.
  • Do not pay out any money without the authority of the committee.
  • Do not issue petty cash without receiving a voucher.
  • Clearly distinguish between capital, revenue and expenditure.
  • Record receipts and payments clearly and accurately.
  • Make sure the balance shown on the bank statements can be reconciled to the balance in the cashbook.
  • Report the past, present and future financial progress and position of the organisation to all committee meetings and the AGM.
  • Faithfully discharge your responsibilities to the committee of the organisation, its members, its sponsors and others with whom it does business. 

How many of these commandments are you keeping and how many are you breaking?