Please wait...
Custodian to the agency's funds , be an official singing officer of the organization , provide leadership to the board, works with our selected accounting firm to ensure CRA compliance Provide monthly board report, chairs the finance committee.
Mississauga Community
Services
TREASURER JOB DESCRIPTION
A
Treasurer is typically charged with overseeing the management and reporting of
an organization’s finances. Generally, as with other officer positions, the
specific duties of the Treasurer are stated in an organization’s bylaws.
Since
an organization’s financial management is directly tied to the Treasurer’s
responsibilities, the Treasurer’s execution of her responsibilities will have a
strong impact on the public’s perception, trust, and assurance in the
nonprofit. Organizations should seek Treasurers with desirable skills such as
financial literacy, attention to detail, timeliness in completing tasks, clear
and accurate record keeping, and a willingness to ask questions.
Duties and Responsibilities of the Treasurer
Typically,
the Treasurer’s duties include the following:
Financial management and/or oversight. A Treasurer may manage or oversee the
management of the financial affairs of the organization, often including such
basic tasks as selecting a bank, reconciling bank statements, and managing cash
flow. In some organizations, the Treasurer may also be responsible for
investing funds consistent with applicable laws. The Treasurer should be
knowledgeable about who has access to the organization’s funds and any outstanding
bills or debts owed. The Treasurer should create and maintain systems for
ensuring the organization’s ongoing solvency and oversee the development of the
organization’s financial policies. Helpful policies to consider include check
signing authority, expense reimbursement, credit card usage, and petty cash
policies, if applicable.
Budgets. The
Treasurer may be responsible for preparing or facilitating the preparation of
an annual budget, as well as regularly monitoring and comparing the actual
revenues and expenses incurred against such budget. The development of a budget
that supports the organization’s goals and drives decision-making is an
important part of an organization’s success in effectuating its mission. The
budget should be reviewed and approved by the board; however, the Treasurer
should be prepared to explain and justify the document.
Reports.
The Treasurer should have thorough knowledge and understanding of the
organization’s financial reports and important financial ratios. The Treasurer
should keep the board apprised of key financial events, trends, and concerns,
and her assessments of the organization’s fiscal health. The Treasurer is also
generally responsible for completing, or ensuring the completion of, required
financial reporting forms (including Canada Revenue Agency and the Charity Act)
in a timely manner and making these forms available for the board’s review.
Financial Liaison. A skilled Treasurer should be able to translate financial
concepts and information for board members who do not have financial
backgrounds or substantial financial experience. The Treasurer should spend
time learning the particulars of the organization’s finances and the applicable
laws, which may include laws related to earned income, the unrelated business
income tax, appropriate expenditures, and prudent investments. The Treasurer
can be most effective to the board when she is facilitating and encouraging the
board’s strategic thinking about the short- and long-term financial vitality of
the organization in relation to its advancement of the organization’s mission.
All
Charitable organizations must have a Treasurer and/or a Chief Financial
Officer (CFO). Organizations may elect to have both a Treasurer and a CFO,
with, for example, a board member Treasurer operating supplementary to the
staff member CFO. In such case, the board Treasurer’s duties and
responsibilities may be more focused on broader policies and oversight.
Where an organization has a Treasurer but has not designated a CFO in its bylaws,
the Treasurer will be considered the CFO by operation of law.
Ultimately,
while financial management is the primary focus of the Treasurer, the entire
board shares the responsibility of financial oversight and accountability.
Tips for Being an Effective Treasurer
Traps to Avoid
Select how you want to sign-up for this volunteer opportunity.
Be sure you and your group meet the requirements to volunteer below. The organization may request proof or verification.
Note: By selecting you meet a requirement, you are giving your electronic consent that you and your friend or group do meet the requirements and can provide proof if or when requested.
You've selected the Volunteering with Friends option. List each person below, one at a time and then click Add Friend. Your friends don't need to be registered with Volunteer Success but they will receive an email to opt out. You are first on this list and cannot remove yourself.
You are signing up to the waitlist for this role. If a spot becomes available for you due to cancellations, we will send you a confirmation message.
Minimum age requirement is Yound Adult (Age 18-56) for all participants of this event.
Select a group you are already a part of below. These are found in your profile groups page. You can only select a group that has you as a member or above. You can create a new group from your profile-groups.
You haven't created or joined any groups yet. Create a group to continue with group volunteering.
Create New GroupYou are about to tell Mississauga Community Services that you're interested in their volunteer opportunity Mississauga Community Services TREASURER JOB DESCRIPTION A Treasurer is typically charged with overseeing the management and reporting of an organization’s finances. Generally, as with other officer po If you'd like to add some additional information about yourself or ask questions, you can do so in the message box below.
Once you click the confirm button, Mississauga Community Services will be notified you're interested in volunteering for them and they will have access to your profile, contact information, and resume. You can wait for them to follow up with you or contact them through their Mississauga Community Services profile page.
Way to go! You are on your way to doing good.
Mississauga Community Services has been notified that you are interested in this opportunity.