GENERAL RESPONSIBILITIES
The Treasurer shall:
- Be elected by the membership as a voting member of the Board of Directors
- Be a PSPA / AAPA member in good standing
- Maintain complete and accurate records of the financial status of the Society
- Deposit all monies received by the Society into the Society’s account
- Pay all bills approved by the Board of Directors and record all receipts for those payments
- Submit an annual financial report at least two weeks prior to the general membership meeting to the Board of Directors
- Oversee the preparation of the Society’s annual budget
- File Income Tax return at the end of each fiscal year
- Annually distribute Form 1099 per IRS protocol
BOARD RESPONSIBILITIES
The Treasurer shall:
- Review all information presented for discussion at the Board of Directors meetings prior to the meeting and come adequately prepared to discuss those items
- Submit quarterly financial report to the Board of Directors two weeks prior to the Board of Directors Meeting
- Keep the Board of Directors advised of the status of income and expenditures as it relates to the Society’s annual budget
COMMITTEE RESPONSIBILITIES
The Treasurer shall:
- Serve as the Chairperson for the Finance Committee
- Act as a Board Advisor to the Financial Affairs Division of the Society
- Be familiar with the minutes for the committees for which the Treasurer acts as Board Advisor
- Oversee that each committee under the Treasurer’s supervision meets the goals as outlined in the Society’s Action Plan
- Encourage that all committees under the Treasurer’s supervision to submit a report two weeks prior to each Board of Directors meeting
ATTENDANCE RESPONSIBILITIES
The Treasurer shall:
- Attend a minimum of three (3) Board of Directors meetings per year
- Attend meetings of those committees for which the Treasurer acts as a Board Advisor
- Attend any strategic planning sessions of the Society
This position requires approximately 15-20 hours per month to fulfill its duties
Reviewed/Revised 4/5/08; 7/25/15; 7/23/16; 11/7/22
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