The Honorary Treasurer is the chief financial officer of the golf club, overseeing all aspects of financial management, from planning and budgeting to monitoring and reporting. This pivotal role involves ensuring the financial health of the club, providing strategic financial input to the Management Committee, and leading the Finance and Risk Sub-Committee. The Treasurer is crucial in maintaining rigorous financial oversight, ensuring compliance with financial policies, and managing the club’s financial relationships and transactions.
Role Responsibilities
- Responsible for the financial supervision of the Club to allow the Management Committee to provide good Governance of the Club.
- The Treasurer is the chief financial management officer whose tasks include the preparation of annual budgets, planning for the Clubs’ financial future and monitoring the Clubs ongoing revenue and expenditure.
- Chair the Finance and Risk Sub-Committee.
- Provide advice to the MC in the management of the Club finances.
- Provide monthly financial updates/reports for presentation at committee meetings.
- Administer all financial affairs for the Club. This would include regular meetings with the General Manager/Club Manager if applicable and the Finance Committee in relation to ongoing financial matters including, but not limited to:
- Review of outstanding subscriptions on monthly basis, ensuring policies relating to collection of outstanding subscriptions are adhered to.
- Approval of any reduced subscriptions agreed with individual members due to ill health or extenuating circumstances.
- Lead the annual Budget process and ensure an appropriate Annual Financial Plan is provided to the MC for approval. Agree budgets for key areas e.g., Course, House, Marketing, Strategy and Membership Sub Committees.
- Review all proposed Capital Expenditure and present to MC for approval.
- Liaise with Men’s & Ladies Clubs regarding budgets for competition entry fees/prize funds, teams etc. with regular reviews.
- Liaison with Club’s Bankers regarding Club Accounts, Overdraft & Loan facilities.
- Act as a signatory on the Club Bank Accounts.
- Review financial processes within the Club to ensure continuous improvements.
- Support the Auditors of the Club
- Do pay roll for staff