Knowledge Base: Library Policies

Policy Statement:      Duties of the treasurer should be clearly delineated.

       Guidelines and Procedures:

1. 1. Sets up and monitors bookkeeping/accounting and is familiar with current accounting practices.
   2. Submits a financial summary and status report at Board meetings.
   3. Ensures that annual financial reports shall be prepared, independently audited/reviewed and submitted to the government in a timely fashion.
   4. Spearheads the development of Board financial policy.
   5. Holds signing authority on Board bank accounts.