We are a busy Early Years Centre wanting to provide the best outcomes for the children. We are looking for an enthusiastic person who can source funders and complete and submit grant applications. To source funding applications for major projects to smaller applications for resources. To complete the funding application forms. Submit applications. Manage fundraising activities.
The main duties of the treasurer is to oversee the financial administration of the organisation, review procedures and financial reporting, advise the board on financial strategy, and advise on fundraising.
This role can be as full as described above or as basic as giving the monthly financial report prepared by the office financial administrator.
Financial management and/or oversight. The Treasurer oversees the management of the financial affairs of the nursery, often including such basic tasks as selecting a bank and reconciling bank statements. The Treasurer is also responsible for investing funds consistent with applicable laws. The Treasurer should be knowledgeable about who has access to the nursery funds and any outstanding bills or debts owed. The Treasurer should create and maintain systems for ensuring the nursery ongoing solvency and oversee the development of the nursery’s financial policies. Helpful policies to consider include check signing authority, expense reimbursement, credit card usage, and petty cash policies.
Budgets. The Treasurer is responsible for overseeing the preparation and facilitating the preparation of 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 nursery’s goals and drives decision-making is an important part of the nursery’s success in effectuating its main aims. The budget should 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 nursery’s financial reports and important financial ratios. The Treasurer should keep the board appraised of key financial events, trends, and concerns, and your assessments of the nursery’s fiscal health. The Treasurer is also generally responsible for completing, or ensuring the completion of, required financial reporting forms (including the OSCAR) in a timely manner and making these forms available for the board’s review.
Financial Liaison. The Treasurer should be able to translate financial concepts and information for board members who do not have financial backgrounds or substantial financial experience. The Treasurer should spend time learning the particulars of the nursery’s finances. The Treasurer can be most effective to the board when facilitating and encouraging the board’s strategic thinking about the short and long term financial viability of the nursery.
Ultimately, while the overseeing of the financial management is the primary focus of the Treasurer, the entire board shares the responsibility of financial oversight and accountability.