General Responsibilities (Chief Voluntary Financial Officer – CVFO)

The Treasurer is responsible for managing and reporting on the association’s finances.


The Treasurer is first and foremost a member of the Board. This means that the Treasurer is responsible to the members (as with every Board member) and to the funders for the funds received and spent by the association.

Specific Duties

The Treasurers responsibilities require that they:

  • Carry out the responsibilities of a member of the Board of Directors.
  • Assist in the preparation of the budget.
  • Monitor the budget.
  • Ensure the Board’s financial policies are being followed.
  • Report to the Board of Directors and general membership on finances.
  • Prepare any required financial reporting forms.
  • Maintains all bank accounts.
  • Oversee all financial transactions.
    • Treasurer’s signature should appear on all cheques of the organization with the second signature from any of the board’s other directors or staff with signing authority.
  • Chair the finance committee.

The assumption in this job description is that the Treasurer takes a “hands-on” role with respect to the association.

A hands-on Treasurer should go through a monthly routine which would vary depending on the level of involvement. At the very least, a Treasurer should go over invoices and cheques, to review the bank statements, and to monitor the preparation of monthly statements for the Board.