Executive board member: Treasurer

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Financial management and/or oversight:
Manage the financial affairs of the organization, often including such basic tasks as selecting a bank (open to changing), reconciling bank statements, and managing cash flow. Knowledgeable about who has access to the organization’s funds and any outstanding bills or debts owed. The Treasurer will create and maintain systems to ensure the organization’s ongoing solvency and oversee the development of the organization’s financial policies.

Budgets. Prepare 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 will 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 the IRS Form 990) in a timely manner and making these forms available for the board’s review.

Financial Liaison. Be able to translate financial concepts and information for board members who do not have financial backgrounds or substantial financial experience. The Treasurer will be most effective to the board when he or 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.

Requirements: Must be available for flagship events: Youth Pride Prom and NOVA Pride Festival