Duties and Responsibilities:
- Financial Management: Oversee and manage the organization's finances, ensuring the responsible use of funds and adherence to the organization's financial policies.
- Budgeting: Develop and maintain an annual budget in collaboration with the President, Board of Directors, and other relevant parties. Monitor budget performance throughout the year.
- Financial Reporting: Prepare regular financial reports, including income statements, balance sheets, and cash flow statements, and present them to the Board of Directors.
- Banking and Accounts: Maintain the organization's bank accounts, including making deposits, withdrawals, and reconciling accounts regularly. Ensure that bank records are accurate.
- Record Keeping: Maintain thorough and accurate financial records, including receipts, invoices, and financial transactions. Safeguard all financial documents and information.
- Tax Compliance: Ensure the organization complies with all tax requirements, including filing annual tax returns, providing necessary documentation to the organization's tax preparer, and addressing any IRS or state tax inquiries.
- Grants and Fundraising: Assist in the preparation of grant applications and financial reports required by grantors. Keep track of funds raised through various fundraising activities.
- Expense Management: Review and approve expenses, ensuring that they are within budget and meet the organization's policies and guidelines.
- Financial Policies: Develop, implement, and enforce financial policies and procedures to safeguard the organization's financial assets and maintain transparency.
- Audit and Compliance: Coordinate financial audits or reviews, ensuring that they are conducted in a timely and accurate manner. Address any audit findings and implement recommended improvements.
- Financial Planning: Provide financial insights and advice to the Board of Directors and the organization's leadership to support decision-making and strategic planning.
- Cash Flow Management: Monitor cash flow and ensure that the organization has the necessary funds to meet its financial obligations and achieve its mission.
- Financial Transparency: Ensure that the financial information of the organization is transparent and accessible to the Board, members, and stakeholders as needed.
- Banking and Investment: Manage and oversee any investment accounts, ensuring that they align with the organization's financial goals and risk tolerance.
- Financial Health: Regularly assess the financial health of the organization, identifying potential issues and proposing solutions to maintain a stable financial position.
The Treasurer is a key figure in the financial management of the Rancho Cordova Jr Lancers Football and Cheer organization, responsible for maintaining financial stability, transparency, and compliance to ensure the organization can continue to provide valuable youth sports and cheer programs to the community.