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3. Treasurer
3.1. Terms of Reference
The treasurer is responsible for
maintaining the Chapter’s financial records and advising the
management committee on the Chapter’s liquidity situation.
3.2. Main Objectives
- Maintenance of a balanced financial
record, consisting of a general ledger, chequebook, treasurer's reports, financial correspondence,
bank statements and bills outstanding
- Issuance for all incurred expenses
- Collection of outstanding invoices owed to Chapter
- Preparation of monthly Treasurer's report for Committee meetings and
a year end report for the audit committee
- Assistance with preparation of the budget.
3.3. List of Tasks
3.3.1. Annual
Prepare the balance sheet and
income & expenditure accounts for the year.
Submit the accounts for auditing.
Pay any tax due.
Prepare a report for the AGM.
Update the Chapter’s bank mandate
3.3.2. Quarterly
Prepare an article for Datawatch
3.3.3. Monthly
Prepare a report for the Management
Committee
Reconcile the bank statements
3.4. Contacts List
| UK |
NatWest Bank Plc |
Blackwater Valley Customer
Service Centre, PO Box 38, 4th Floor, House Abbey,
282 Farnborough Road, Farnborough, Hants GU14 7YT |
Telephone: 0345 321321
Fax: 01252 362222
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Current Account: Contact Nancy |
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Business Reserve: Contact Nancy |
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Capital Reserve: TBA |
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Inland Revenue |
HM Inspector of Taxes, City of
London 2, 6th Floor, Euston Tower, 286 Euston Road,
London NW1 3UN |
Telephone: 0171 667 4000 |
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Reference: Contact Nancy |
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Chapter Committee members, especially
the Chapter Administrator, Membership Secretary, CISA Co-ordinator
and President.
3.5. Amount of Time Required
3.5.1. Weekly
2 hours (Raising of cheques and
general administration).
3.5.2. Monthly
4 hours (Bank reconciliation and
Committee report preparation).
3.5.3. Annually
3 days (Account preparation, audit
liaison and AGM report preparation)
3.6. Positive Aspects
Awareness of all the activities of
the Chapter.
Opportunity to have a say on all
potential income and expenditure decisions.
3.7. Challenges
Keeping track of income due to bankings
being made by the Chapter Administrator and others.
Keeping track of automatic transfers
between the current and business reserve accounts (the current account
is maintained at a constant balance of 100 by these transfers).
Knowing how much is being held by ISACA
on our behalf as a result of members’ renewing direct with Rolling
Meadows.
Controlling SIG’s committing the
Chapter to unauthorised expenditure.
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