Leadership Positions

Treasurer

Reports to: President

Term of Office: The term of office is two years beginning July 1 and ending June 30 of the second year. An elected officer may serve only three consecutive terms or six years on the Board of Directors.

Purpose: The Beta Iota Chapter Bylaws state that the Treasurer shall be custodian of the funds of this chapter and may be bonded in an amount equal to three-fourths of the worth of the chapter.

Qualifications: Members of the Beta Iota Board of Directors shall be:

  1. Active members of Sigma Theta Tau International and members of the Beta Iota Chapter.
  2. Consent to serve in the position and election by majority vote of chapter members.
  3. Possess basic knowledge and interest in the area of finance or a willingness to seek and use resources to acquire knowledge.

Stipulations: Members of the Board of Directors are not eligible for funding while in office.

Responsibilities:

  1. Attend scheduled Board of Directors meetings. Board of Directors meetings are scheduled monthly unless alterations are required.
  2. Oversee the acquisition, investment, and disbursement of assets of the Chapter.
  3. Prepare financial statements. Obtain and complete the necessary tax forms for the IRS (i.e., Form 990) if gross income is $25,000. Gross income does not include monies collected for international induction fees and keys for new members.
  4. Prepare a quarterly financial report and present a current financial report to the Board of Directors at each meeting. Inform members of the fiscal status of the organization (i.e., in the chapter newsletter and at chapter business meetings)
  5. Serve as an ex-officio (voting) member of the Finance Advisory Council.
  6. Review financial statements with the Board of Directors and Finance
    Advisory Council on a periodic basis.
  7. Oversee and manage the investment plan of the organization with support of the Board of Directors.
  8. Develop and maintain fiscal policies and procedures in collaboration with the Finance Advisory Council. Submit newly-developed or modifications of former policies and procedures to the Board of Directors for approval.
  9. Update the Finance Advisory Council with the decisions of the Board of
    Directors and communicate the goals of the Chapter based on the Strategic Plan.
  10. Assist the Finance Advisory Council in analyzing financial data and recommending the annual budget, with rationale, to the Board of Directors for review and approval.
  11. Consult with the Finance Advisory Council to determine the scheduling of an audit as recommended by Sigma Theta Tau International.. Prepare the audit and submit a copy of the audit to the Board of Directors and Sigma Theta Tau International.
  12. Prepare the Annual Committee Report Form, a written annual evaluation of the activiti based on the designated committee functions, goals of the committee, and chapter strategic plan, and submit to the Board of Directors in May of each year.
  13. Present an annual financial report to the membership at a designated meeting.
  14. Collaborate with other committee chairperson to facilitate continuity of chapter programs, events, and activities.
  15. Develop and maintain the financial policies and procedures of the chapter in collaboration with the Finance Advisory Council. Submit newly-developed or modifications of former policies and procedures to the Board of Directors for approval.
  16. Attend and encourage committee members to attend chapter programs, activities, and events.

Treasurer Application

The Treasurer shall be custodian of the funds of this chapter and may be bonded in an amount equal to three-fourths of the worth of the chapter.

Position Application (PDF file)