Page 5 - OSEP Management Module 4_Neat

• make all approved payments and invoice groups/members promptly
• act as a signatory, with at least 1 other management committee member
to the bank accounts, cheque accounts, investments and loan facilities of the
club/federation
• manage the cash flow and be accountable for the petty cash of the club/
federation
• prepare and present regular financial statements to the committee at meetings
• prepare financial accounts for an annual audit and provide the auditor with
information as required
• prepare an annual financial report.

Activity 4.1

Look at the example treasurer’s job description in Appendix 2.

Holding the money
The treasurer is responsible for:
• the safety of the money received by the club/federation
• banking receipts as soon as possible so the club/federation gets maximum
benefit from any deposit or investment
• budgeting carefully to ensure there is always sufficient cash at the bank to cover
cheques (see ‘Preparing your club/federation budget' on page 97 for budgeting
information).

Cash management and records
A cash book records all of the club’s receipts and payments from day to day. Cash
books can be purchased from your local newsagent or stationer. You can also use
a computer records tool.

OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE