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IL FV SHRM Chapter Treasurer

    TREASURER

     

     

    Position Summary:

     

    Act as financial officer and advisor to chapter board of directors.  Oversee the financial transactions, including making bank deposits, accounts payable, and reconciliation of account statements.  Report on the financial status at all regular and board meetings.  File appropriate forms and information with IRS.

     

    Responsible To:

     

    The chapter president

    The members of the chapter

     

    Responsibilities:

     

    • Fulfill the role of financial officer and advisor
    • Assists with maintaining the chapter mailbox and distributes mail to appropriate officers
    • Forward a copy of the monthly bank statements to chapter Secretary & Assistant Treasurer for review.
    • The annual report renewal form for the corporation must be filed each year prior to May 1.  In addition, when a change for the registered agent is needed, form NFP 105.10/105.20 must be filed.
    • Any employee who receives more than $600.00 in compensation will need to complete a W-9 form (Request for Taxpayer Identification Number and Certification).  A 1099 form must be issued to the employee prior to January 31 of the following year.
    • Annual financial review - In January, Contact Cindy Kline at C. Moore & Company, 700A Willow Lane, West Dundee, IL 60118.  Phone: (847) 426-9444   Fax:  (847) 426-9456
    • Maintain D&O insurance policy for board members
    • Maintain the annual budget and send periodic Income statements to Board members
    • The treasurer, as an elected officer of the chapter, is a responsible member of the chapter's board of directors and must take part in discussion and action on all business of the chapter.  As financial advisor of the chapter, the treasurer must be in a position to assess the financial implications of proposed actions by the board of directors and inform the committee prior to final decisions being made.  Also, the treasurer must observe the financial direction of the chapter, recognize possible financial problems, and bring such problems to the attention of the board of directors for action.
    • The treasurer shall receive, hold, and safeguard in the capacity of trustee and financial agent, all funds for the chapter.
    • Investigate various interest rates to ensure the best return on surplus dollars.
    • The treasurer shall disburse such funds only for normal and usual uses unless the chapter's board of directors shall otherwise direct.
    • Participate in the development and implementation of short-term and long-term strategic planning for the chapter.
    • Represent the chapter in the human resources community.
    • Attend all monthly membership and board of director’s meetings.