YOUR NAME HERE
YOUR NAME HERE
Financial

Financial Director
a.
This director is responsible for all chapter funds, in the name of the chapter. He or she is responsible for preparing the chapter’s budget, making regular financial reports to the board of directors, rendering an annual financial statement to the chapter membership and maintaining proper financial controls. He or she shall perform all other duties incident to office.

b.
Preparation needed for effective service:
(i)
Receives financial training provided by ASID headquarters
(ii)
Receives briefing on chapter systems from previous financial director and
chapter administrator
c.
Planning
(i)
The finance director serves on the chapter workplan team and works with the
president-elect to develop the budget
d.
Activities
(i)
Serves as a voting member of the chapter board of directors
(ii)
Supports the mission, policies and programs of the Society and chapter as adopted by the Society and chapter boards of directors
(iii)
Ensures that all chapter communications are conducted in accordance with the
ASID brand
(iv)
Receives and deposits all chapter funds in the name of the chapter, in a bank approved by the chapter board of directors. The chapter administrator may carry out this function
(v)
Makes authorized disbursements by check after proper approval by the president or chapter board of directors
(vi)
Oversees all of the chapter’s checking, savings and investment accounts. Only the board of directors can open and close bank accounts
(vii)
Serves as signatory on accounts
(viii)
Is responsible for payment of all documented committee expenditures
e.
Reporting
(i)
Provides the chapter board with a monthly written report on the chapter’s income and expenses, bank balances and financial well being
(ii)
Prepares an annual financial statement for the chapter membership
(iii)
Keeps close communication with other officers, especially the chapter president, as to the financial status of the chapter
(iv)
Prepares or reviews the quarterly chapter financial report, which is required by the Society’s guidelines to be submitted to the Society’s HST. This must be received by headquarters before release of the check for the chapter’s membership dues allocation. Allocations are paid four times per year, after each quarter
(v)
Responsible for arranging the preparation and submittal of all tax returns (990, 990T and any state returns). Chapters are required to use a paid tax professional for returns