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A treasurer is the person responsible for running the treasury of an organization. The adjective for a treasurer is normally "tresorial." The adjective "treasurial" normally means pertaining to a treasury, rather than the treasurer. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance.[1]

Contents

1 Government 2 In the Inns of Court 3 Volunteer organizations 4 See also 5 References 6 Further reading 7 External links

Government[edit] The Treasury
Treasury
of a country is the department responsible for the country's economy, finance and revenue. The Treasurer
Treasurer
is generally the head of the Treasury, although, in some countries (such as the U.K. or the U.S.) the treasurer reports to a Secretary of the Treasury, or Chancellor of the Exchequer. In Australia, the Treasurer
Treasurer
is a senior Minister and usually the second most important member of the Government after the Prime Minister. From 1867 to 1993, Ontario's Minister of Finance
Finance
was called the Treasurer
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 the UK during the 17th Century, a position of Lord High Treasurer
Lord High Treasurer
was used on several occasions as the third great officer of the Crown. Now the title First Lord of the Treasury
Treasury
is the official title of the British Prime Minister. In the Inns of Court[edit] In the Inns of Court, the professional associations for barristers in England
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. Volunteer organizations[edit] Many volunteer organizations, particularly not-for-profit organizations such as charities and theaters, 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.[2] Accurate records and supporting documentation must be kept to a reasonable level of detail that provides a clear audit trail for all transactions.[3] See also[edit]

Bursary Certified Treasury
Treasury
Professional Chief financial officer Comptroller Comptroller and Auditor General Treasury
Treasury
Management

References[edit]

^ Degenhart, Dr. Heinrich. "The Functions of a Corporate Treasury". www.treasury-management.com. Retrieved 2018-04-05.  ^ Robert, Henry M.; et al. (2011). Robert's Rules of Order
Robert's Rules of Order
Newly Revised (11th ed.). Philadelphia, PA: Da Capo Press. pp. 461, 477–480. ISBN 978-0-306-82020-5.  ^ Robert III, Henry M.; et al. (2011). Robert's Rules of Order
Robert's Rules of Order
Newly Revised In Brief (2nd ed.). Philadelphia, PA: Da Capo Press. pp. 153–155. ISBN 978-0-306-82019-9. 

Further reading[edit]

National Association of Parliamentarians®, Education Committee (1993). Spotlight on You the Treasurer. Independence, MO: National Association of Parliamentarians®. ISBN 1-884048-26-9.  Treasury
Treasury
Management International, The Functions of a Corporate Treasury, Dr Heinrich Degenhart, Verband Deutscher Treasurer
Treasurer
e.V.

External links[edit]

Look up treasurer in Wiktionary, the free dictionary.

O*NET-SOC 11-3031.01 ~ Treasurers and Controllers U.S. Department of Labor SOC 11-3031 ~ Financial Managers Association 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' Assoc

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