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Local Treasurers Training

The Local Treasurers Training is comprised of five modules (approximately one hour in total) providing a wealth of information to the new local treasurer (or as a refresher for the experienced local treasurer) with special emphasis on fiduciary responsibilities and internal control. This course will provide you with the information needed to take on the challenges of your new position as treasurer of your local association; safeguarding assets of the association and ensuring that the resources of the association are utilized to the maximum benefit of the members as well as to protect the reputation and image of the association and its officers. The training takes into account the non-financial background of many treasurers and was prepared with minimal technical language.

The first module, Fiduciary Roles and Responsibilities provides a clear understanding of the actual, assumed, legal and regulatory responsibilities of the treasurer’s role in the Association (13 minutes, 45 seconds).

The second module, Getting Started, identifies the information needed to embark on the challenging duty of financial reporting and describes basic accounting terminology and regulatory reporting (13 minutes, 15 seconds).

The third module, Recording Association Financial Activities, covers what should be recorded and how it should be recorded with a focus on cash coming in and cash going out (7 minutes, 13 seconds).

The fourth module, Reporting Association Financial Activities, discusses the types of reports required by the various constituents and why they are important to the financial stability of the Association (7 minutes, 24 seconds).

And finally, the fifth module, Planning for the Future, provides guidance on developing a budget and preparing for the next generation of education professionals by leaving a solid financial legacy (6 minutes, 50 seconds).

The program provides synchronized audio and video including Microsoft PowerPoint slides.  It also includes relevant web links to external sources such as the IRS and Dept. of Labor as well as links to internal sources such as sample policies and reports.