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IN VERBIS - ICRA's Quarterly Publication
IN VERBIS - ICRA's Quarterly Publication

Board of Directors - Duties of Treasurer

Extracted from ICRA Policies and Procedures - revision date 06/07

TREASURER:
    Shall attend and actively participate in no less than two of the ICRA quarterly board meetings and any special meetings called by the President.
    Shall submit quarterly reports of income and expenditures for distribution at Board meetings.
    Shall make an oral report of income and expenditures for the prior fiscal year at the annual business meeting.
    Shall submit an annual report of all receipts and disbursements for the ensuing year and a proposed annual budget for the new fiscal year at the January Board meeting.
    Shall keep a current accounting of the financial status of the Association.  Shall write checks to pay expenses incurred in the regular course of business of the Association, as well as any expenses approved by the Board.
    Shall collect membership dues, convention registration fees, and all other income for deposit, and shall deposit all funds in an Association account at a reputable bank.  Shall deposit funds earmarked for reserve in an interest-bearing account at a reputable bank.
    Shall arrange for the preparation of tax returns by a reputable Certified Public Accountant.
    Shall provide and file with the Association a surety bond, if requested, for the faithful performance of the duties as Treasurer in a sum as may be fixed by the Board.  The cost of said bond shall be paid by the Association.
    Shall oversee activities as Board Liaison member of ICRA committees as assigned by the President.


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