SBIC Governance > By Laws > The Treasurer
13 The Treasurer
13.1 There shall be a Treasurer, who shall be an Officer as defined in Article 7.1(a) and shall hold office for a maximum term of four years from the conclusion of the Annual General Meeting at which his/her election is announced.
13.2 The Treasurer shall have general responsibility for supervising the financial affairs of the Society and for advising the Council and its Committees on economic and financial questions. He/she shall exercise such powers as may be determined from time to time by the Council, subject to the overall authority of the Council and the provisions of Article 16.1.
13.3 The Treasurer shall also:

(a) monitor the collection and disbursement of all funds of the Society in accordance with budgets assigned to Officers, Members of Council, committees, groups, or agents of the Society;

(b) present an annual financial statement to the Society and Council;

(c) ensure that reports required by relevant government agencies or other relevant authorities are prepared and submitted as required;

(d) review fiscal arrangements of contracts for the Society and make recommendations to the President;

(e) ensure that the financial records of the Society are adequately maintained; and

(f) provide authorisation for payments to be made, with an additional authorisation being required by the President, President-Elect or, if special circumstances dictate, any other member of the Council.

 


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