The Role of the Treasurer

In Smaller clubs the role of treasurer and subsequent financial management tasks are often 'inherited' by volunteers who do not specialise in financial administration.  Therefore, we aim to offer some basic guidance to those who need help in carrying out this important role within a sports club.

It is important that all sports clubs keep accurate financial records; the treasurer is the day-to-day financial manager at the sports club, working closely with the committee, providing annual budgets and regular financial reports in order for the board to make informed decisions and monitor performance against the budget.

It is vital that all money matters relate closely to the full sports development plan of the club.

The treasurer:

 keeps up-to-date records of all the financial transactions

reports regularly to the committee on the club’s financial status

identifies fund-raising opportunities (ie government grants, sponsorship)

presents an end-of-year financial report to the AGM

is responsible for financial planning, including producing an annual budget and monitoring it throughout the year