In ''A new way to pay the National Debt'' (1786), Queen_Charlotte
_and_[[George_III_of_the_United_Kingdom.html" style="text-decoration: none;"class="mw-redirect" title="Charlotte of Mecklenburg-Strelitz">Queen Charlotte and King_George_III
_awash_with_treasury_funds_to_cover_royal_debts,_with_[[William_Pitt_the_Younger.html" style="text-decoration: none;"class="mw-redirect" title="George III of the United Kingdom">King George III awash with treasury funds to cover royal debts, with Pitt
_handing_them_another_moneybag..html" style="text-decoration: none;"class="mw-redirect" title="William Pitt the Younger">Pitt handing them another moneybag.">William Pitt the Younger">Pitt handing them another moneybag.
A treasurer is the person responsible for running the treasury
of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance.
of a country is the department responsible for the country's economy
. The treasurer is generally the head of the treasury, although, in some countries (such as the United Kingdom or the United States) the treasury reports to a Secretary of the Treasury
or Chancellor of the Exchequer
, the Treasurer
is a senior minister
and usually the second or third most important member of the government
after the Prime Minister
and Deputy Prime Minister
. Each Australian state and self-governing territory also has its own treasurer
From 1867 to 1993, Ontario's Minister of Finance
was called the Treasurer of Ontario.
Originally the word referred to the person in charge of the treasure
of a noble
; however, it has now moved into wider use. In England during the 17th century, a position of Lord High Treasurer
was used on several occasions as the third great officer of the Crown
. Now the title First Lord of the Treasury
is the official title of the British Prime Minister
In corporations, the Treasurer is the head of the corporate treasury department. They are typically responsible for liquidity risk
management, cash management
, issuing debt
, foreign exchange
and interest rate risk hedging
, oversight of pension investment management
, and capital structure
(including share issuance
). They also typically advise the corporation on matters relating to corporate finance
. They could also have oversight of other areas, such as the purchase of insurance
In the Inns of Court
In the Inns of Court
, the professional associations for barristers in England and Wales
, the ''bencher
'' or ''master of the bench'' who heads the inn for that year holds the title 'master treasurer'.
This title is similarly used by other legal associations sharing a British heritage, such as the Law Society of Upper Canada
Many volunteer organizations, particularly not-for-profit
organizations such as charities
, appoint treasurers who are responsible for conservation of the treasury, whether this be through pricing of a product, organizing sponsorship
, or arranging fundraising events.
The treasurer would also be part of the group which would oversee how the money is spent, either directly dictating expenditure or authorizing it as required. It is their responsibility to ensure that the organization has enough money to carry out their stated aims and objectives, and that they do not overspend, or under spend. They also report to the board meetings and/or to the general membership the financial status of the organization to ensure checks and balances. Accurate records and supporting documentation must be kept to a reasonable level of detail that provides a clear audit trail for all transactions.
* Certified Treasury Professional
* Chief financial officer
* Auditor general
* Treasury management
* Treasury Management International, The Functions of a Corporate Treasury
', Dr Heinrich Degenhart, Verband Deutscher Treasurer e.V.
O*NET-SOC 11-3031.01 ~ Treasurers and ControllersAssociation of Public Treasurers of the United States and Canada (APTUSC)California Municipal Treasurers Association (CMTA) Oklahoma Municipal Treasurers' Association (OKMTA)
Government Treasurers' Organization of Texas (GTOT) Virginia Treasurers' Association (TAV)
Category:Local government in the United States