Chapter Financial Management: The Treasurer’s Leadership Role

Stephanie Helgerman, CSPVP-Finance, ASSEBruce SufranskiASSE Director of Finance/Controller

October 9-11, 2014Lombard, Illinois

This workshop will explore the leadership role that Treasurers play in looking for solutions to challenges faced by chapters.

More plainly how can the treasurer be a more effective part of the leadership team.

Chapter Financial Leadership

Financial Management: Responsibilities “Counting the Beans” Safeguard chapter assets Financial Control: annual chapter budget Financial Reporting: monthly/ quarterly/ annually Financial Compliance: IRS tax filings / other

requirements

Treasurer’s Roles: Financial Manager

Executive Committee Leadership Role: “Beyond Bean Counting”

Participate in all chapter business decisions Focus on Membership Value / Experience

To maintain chapter’s financial well being, must be an active participant on Executive Committee

Treasurer’s Roles: Chapter Leadership

Strategic Planning – long term view Set Chapter Direction and Priorities Assess Financial Impact of Business Decisions

Are we providing best value for our Members Do revenues exceed expenses Special project initiatives

How to pay for it Plan for the Long-Term

Develop healthy and sustainable Chapter Financial health is key component

Treasurer’s Roles: Chapter Leadership

Small chapters vs big chapters (in dollar terms)

How do small chapters obtain the money & resources they need?

How do large chapters use their resources to maximize the value of membership?

What’s the treasurer’s role in the discussion?

What’s your experience?

Chapter Challenges

Chapter Management

How do we provide good member value today?

How do we ensure the chapter’s success tomorrow?

What’s the treasurer’s role in the discussion?

What’s your experience?

Chapter Challenges

Chapter Management: Learning from Others

How do chapters learn from the experiences of others?

How do chapters foster communication with their counterparts?

What’s the treasurer’s role in the discussion?

What’s your experience?

Chapter Challenges

Chapter Management: Financial Risk Management

How do chapters prevent fraud or other financial wrongdoing?

What’s the treasurer’s role in the discussion?

What’s your experience?

Chapter Challenges

Chapter Management: Insurance

Is the chapter “covered” by insurance?

What’s the treasurer’s role in the discussion?

What’s your experience?

Chapter Challenges

Questions?