IEEE Region 3 Leadership Development Committee Section Treasurer Training

Responsibility and Functions of an IEEE Section Treasurer

1. Duties of Section Treasurers are defined in the Section Bylaws and the RAB Operations Manual. Following are typical duties:
    
2. Collect the records from the outgoing Section Treasurer.
    
3. Assure that the bank accounts have authorized signatures of new officers. Signatures must include the IEEE Staff Director of Financial Services. (Concentration Bank Accounts automatically include the Staff Director.)
    
4. Assist the Section Executive Committee in preparing the annual Section Budget.
    
5. Periodically review Section operations and bring to the attention of the Executive Committee any actual or potential discrepancies compared to Budget.
    
6. Attend all meetings of the Section Executive Committee.
    
7. Keep accurate records of all receipts and disbursements. A personal computer program is highly recommended for this purpose.
    
8. Deposit all funds received in the bank account of the Section.
    
9. Prepare a monthly bank account reconciliation.
    
10. Make disbursements in accordance with the Budget and instructions from the Section Executive Committee.
     
11. Prepare financial reports as requested by the Section Executive Committee.
     
12. Prepare and forward to the IEEE by the third Friday in February a Financial Statement of Operations (L-50 report) as of December 31.
     
13. At the end of the term of office, transfer financial records to the incoming Section Treasurer.

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