Financial Management:

• Overseeing the AKB’s bank accounts: The Treasurer is responsible for managing the AKB’s bank accounts, including monitoring account activity, ensuring proper record-keeping of transactions, and reconciling statements.
• Budgeting and financial planning: The Treasurer works with the Chairman and other committee members to develop and maintain the AKB’s budget. This involves forecasting income and expenses, allocating funds for different activities, and monitoring adherence to the budget throughout the year.
• Managing membership fees and other income sources: The Treasurer is likely responsible for collecting membership fees, managing any fundraising activities, and overseeing all other sources of income for the AKB. This might involve issuing receipts, maintaining accurate records of income, and depositing funds into the designated accounts.
• Paying bills and managing expenses: The Treasurer handles the AKB’s outgoing finances, including paying bills from vendors, reimbursing members for approved expenses, and ensuring all expenditures are aligned with the budget. This involves maintaining proper documentation for all payments and keeping track of the organization’s spending.

Reporting and Transparency:

• Preparing financial reports: The Treasurer regularly prepares financial reports for the AKB, typically on a monthly or quarterly basis. These reports summarize the organization’s income, expenses, and overall financial health, providing transparency and accountability to members and the committee.
• Presenting financial reports at meetings: The Treasurer presents financial reports at AKB meetings, explaining the organization’s financial standing, highlighting any significant variances from the budget, and seeking approval for relevant expenditures.

Additionally, the Treasurer might:

• Advise the AKB committee on financial matters: Their expertise can be crucial in making informed decisions regarding resource allocation, fundraising strategies, and managing the organization’s financial sustainability.
• Seek external support: In some cases, the Treasurer might collaborate with external professionals like accountants or auditors to ensure the AKB’s financial practices adhere to best practices and legal requirements.