Leadership Positions


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 treasurer shall be the custodian of the funds of this chapter and may be bonded in an amount equal to three-fourths of the worth of the chapter. The treasurer shall propose a budget to the Board.

Qualifications: The Treasurer shall:

  1. Be an active member in the Beta Iota Chapter.
  2. Consent to serve in the position and be elected by a 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.

Responsibilities: The responsibilities of the Treasurer are:

  1. Attend scheduled Board of Directors meetings.
  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 (e.g., in newsletters, at chapter business meetings)
  5. Serve as an ex-officio (voting) member of the Finance Advisory Council. Directors.
  6. Develop and maintain fiscal policies and procedures in collaboration with the Finance Advisory Council.
  7. Collaborate with the Finance Advisory Council to submit an annual budget to the Board of Directors (to be submitted in April each year).
  8. Consult with the Finance Advisory Council to contract for an external audit on a biennial basis.
  9. Monitor the chapter’s tax-exempt status both state and federal.
  10. Submit the online Annual Chapter Financial Report in collaboration with the President (August 1 each year).
  11. Collaborate with other members of the Board of Directors and with committee, advisory council, and task force chairs to facilitate continuity of chapter programs, events, and activities.
  12. 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)