Treasurer

Board Member Treasurer

The Board Member Treasurer is responsible for:

• The treasurer looks after the money and looks for the financial means. He/She translates policy into money

• Takes the initiative in making a budget proposal and balance sheet, including long-term planning

• Is within the organization primarily responsible for the liquidity position of the organization

• Monitoring the budget and the allocated budgets, identifies deviations (afwijkingen) from the allocated budgets and can make proposals for interim changes

• Conducting financial management: bookkeeping, drawing up a financial annual report, and keeping a financial archive

• Raising financial resources: grants, funds, donors, sponsors, rent, training fees, participant contributions, campaigns

• Ensure expense and volunteer allowances as applicable

• The treasurer may delegate certain tasks to other board members, employees or volunteers, such as raising funds, administration and looking for sponsors. The treasurer remains responsible himself/herself

• Within each legal entity, an audit committee or accountant determines whether the treasurer has managed the finances in a responsible manner. The audit committee or accountant is the control body in the organization and, after checking, approves the financial policy pursued. The audit committee members are usually appointed for 2 years. The accountant can be hired for a longer period of time to audit.