Treasurer -- MnABB
Organizational Relationship: Receives direction from the Association President and Board of Directors.
Position Overview: Receives and disburses funds of the Association and maintains all financial records.
Term of Office: The treasurer is elected at the annual business meeting and shall serve on the Board of Directors for a term of two years; may serve no more than three consecutive years.
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Duties
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Expectations
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- Maintains and manages financial account of Association funds.
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- Receives dues from membership.
- Authorized to deposit and disburse funds of the Association.
- Retains summary/statement information as received from the financial institution.
- Updates board quarterly on financial activity and completes financial transactions as requested by the board.
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- Prepares annual financial statement.
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- Submits an annual financial statement to the Association membership and Board of Directors at the fall meeting (annual statement will cover the previous membership year beginning one day after the previous year's fall meeting through the day before the current fall meeting).
- Selects an independent auditor to review financial transactions at the request of the Board of Directors.
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