Adams Stirling PLC


Treasurers do not have unlimited authority over the association's monies. Unless the governing documents provide otherwise, a treasurer's duties are as follows:

  • oversee the association's operating account and reserve account,
  • keep and maintaining the association's financial documents,
  • oversee the deposits,
  • oversee investments,
  • ensure that bills are paid,
  • oversee the preparation of the budget,
  • ensure that a report of financial transactions are made to the board,
  • ensure that a reserve study is prepared,
  • serve as the board's liaison with the association's auditor,
  • review and implement safeguards to protect the association's financial assets,
  • ensure that tax returns are filed on time, and
  • sign bank cards and co-sign checks with the president or secretary.

The treasurer can delegate many of his/her duties to the manager, management company, or an assistant, but must oversee the work.

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Adams Stirling PLC