Fundamental Tasks of Being a Treasurer
___ Open/maintain a bank account for the local.
___ Designate two authorized signers (Treasurer and President) for checks and other transactions.
___ Use prenumbered checks which can be obtained from your bank.
___ Be sure requests for money (disbursements) are supported by an invoice or voucher form (or require two signatures on all checks).
___ Do not sign a check issued to yourself. Have the other authorized signer sign the check.
___ Upon receiving a check, immediately endorse it “for deposit only” AND deposit it in the bank as quickly as possible.
___ Have bank statements mailed to someone other than the Treasurer (possibly the President). This allows for a check that the Treasurers' financial information corresponds with the bank's.
___ Reconcile bank statement monthly.
___ Issue financial statements on a consistent basis on a schedule that works for you and your local (i.e. monthly, bi-monthly, quarterly).
___ Ask the Membership Chair to reconcile local membership list with MEA bill.
___ Call 866-468-0001 for help with any Treasurer issues.