FRIENDS OF PALMETTO LIBRARY INC

Cause Area

Arts & Culture
Board Development
Children & Youth
Community
Education & Literacy

Location

2389 WEXFORD DRCOLLEGE PARK, GA 30349 United States

Website:

https://www.fulcolibrary.org/friends-of-the-library/

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Treasurer

Flexible Schedule | Palmetto, GA 30268

Role of the Treasurer The nonprofit treasurer handles an organization's finances, playing a pivotal role in both fiscal management and strategic planning. As an officer, they oversee all financial aspects, from budgeting and reporting to ensuring legal compliance. Their expertise transcends mere number-crunching; nonprofit treasurers provide critical insights that inform board decisions and shape organizational strategy. The ideal treasurer combines deep financial acumen with a genuine passion for the nonprofit's mission, making them an invaluable asset in driving sustainable impact. 7 key treasurer duties and responsibilities in nonprofits 1. Financial management A nonprofit treasurer oversees the organization's finances. This may include thoroughly reviewing the new organization’s financial policies and internal controls and then actively enforcing these guidelines to ensure proper financial management. ‍ 2. Prepares financial reports The treasurer creates and presents accurate monthly and year-end financial reports to equip the board and stakeholders with essential financial insights. This timely information forms the basis for strategic planning and resource allocation. ‍ 3. Ensures compliance and auditing The treasurer upholds financial integrity by overseeing internal and external audits. This ensures compliance with regulations and best practices, safeguards assets and enhances donors' and regulators' credibility. ‍ 4. Supports financial liaison The treasurer serves as a financial liaison, bridging the gap between complex financial data and the non-expert board members. This role extends beyond the boardroom, as the treasurer also communicates financial policies and procedures to staff. By translating financial information into understandable terms, the treasurer ensures that all stakeholders can make informed decisions transparently. ‍ 5. Picks financial software In some cases, a treasurer is responsible for choosing the right tools for the organization's success. They will need comprehensive tools for accounting, budgeting, and financial planning. 6. Facilitates proper budgeting The treasurer is responsible for developing and overseeing the organization's annual budget, ensuring it aligns with strategic goals and mission. They also work with the fundraising and finance committee to allocate resources to various programs and operational needs. 7. Identify and manage risks The treasurer proactively assesses potential financial risks that could impact the organization, such as economic downturns or funding shortfalls, and develops strategies to mitigate these risks. This also extends to purchasing insurance and implementing health and safety measures.

Date Posted: Jan 15, 2025

Organization Information

Mission Statement

The Friends of the Library maintains an association of persons who care about the Palmetto Library and the Fulton County Library System and seek to promote its welfare. We serve as a bridge, developing a closer relationship between the Palmetto Library and the community it serves. We promote increased knowledge of the Palmetto Library's functions, resources, services, and needs to patrons of all ages.

Description

The Friends started in 2014 and became an official nonprofit in 2023. They have had 42 volunteers serve over 5,800 hours since 2014. We serve a diverse community and champion literacy and education for learners of all ages.

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FRIENDS OF PALMETTO LIBRARY INC

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