The Treasurer of the Bangor Union Society is responsible for managing the financial affairs of the organization. Supported by a team of Deputy Treasurers, the Treasurer ensures that all funds are handled responsibly, transparently, and in accordance with the society’s policies and financial regulations.

Key Responsibilities

• Financial Management: The Treasurer oversees the society’s budget, tracks income and expenditures, and ensures that funds are allocated appropriately to support events, programs, and initiatives.

• Accounting and Record-Keeping: The Treasurer maintains detailed and accurate financial records, including receipts, invoices, and account statements. This ensures transparency and provides a clear record for both officers and external auditors if needed.

• Budget Planning: Working closely with the President, Vice-Presidents, and other officers, the Treasurer helps plan the society’s annual budget, forecast expenses, and monitor financial performance throughout the year.

• Supervising Deputy Treasurers: The Treasurer delegates specific financial tasks to Deputy Treasurers, such as tracking payments, managing petty cash, or assisting with event finances. They oversee this work to ensure accuracy and efficiency.

• Financial Reporting: The Treasurer regularly reports on the society’s financial status to the executive team and members, providing updates on budgets, expenditures, and financial forecasts.

• Compliance: The Treasurer ensures that all financial operations comply with university regulations, legal requirements, and internal policies, maintaining accountability and transparency.

• Support for Fundraising: The Treasurer may also assist with fundraising efforts, sponsorships, and other revenue-generating activities, helping to secure additional resources for the society.

Overall, the Treasurer, together with their Deputy Treasurers, ensures the financial health of the Bangor Union Society. By carefully managing funds, maintaining accurate records, and supporting budgeting and planning, they provide the financial foundation that allows the society to thrive and continue serving its members and community.