Board Treasurer
Board Treasurer
-
Working Board
-
Term Limit 3 Years
Officer Overview
Officers of the nonprofit board of directors consist of the two Co-chairs, Secretary and Treasurer. Constitutionally, MCT must have at least five board members, with the Co-chairs and Treasurer roles filled by a board member. The officers are members of the board of directors making up the Executive Committee. Officers are elected by the board of directors and as the Executive Committee, guides and coordinates the board’s governance activities and engagement.
Position Summary
The Treasurer of MCT’s Board of Directors has all the responsibilities of a board member and leads the financial oversight responsibility of the Board.
Major Responsibilities
-
Serve on the Executive Committee.
-
Be knowledgeable about the organization’s finances and financial business model and communicate this information to the board.
-
Ensure the organization maintains complete and accurate accounts of receipts and disbursements in books belonging to MCT.
-
Report financial results (prepared by staff) and the overall financial condition of the organization at regular board meetings and when requested.
-
Advises in development of the annual budget.
-
Ensure financial compliance requirements are met (e.g., annual 990 and annual Attorney General filing).
-
Support the organization’s audit process.
-
Lead the development and review of the organization’s financial policies.
-
Serve as an advisor to the Executive Director.
-
Serve as a signatory for investment account changes.
-
Sign payroll, checks, and other financial documents when the Executive Director is out of the office or when there is a conflict of interest for ED.
-
Chair the Finance Committee.
Length of Term: Three years. Officers may be re-elected to the position for one additional term.
Time Commitment: Eight hours per month on average in addition to the time committed for monthly board meeting attendance (2-3 hours), for a total board commitment of 10-11 hours per month.
Let’s Work Together
Would you like to join the MCT Board of Directors? Get in touch and tell us about the spark you could bring!
Please fill out the form below, and we'll reach out to you soon.