Chapter Officer Orientation: Fiscal Responsibilty-Chapter Treasurer Training 2021

Video Transcription

Video Summary

The video provides an orientation on Chapter Officers Fiscal Responsibility. It emphasizes the importance of accurate management of chapter funds and transparency in reporting. The main goal for chapters is to provide education, and expenses related to education should be prioritized. The main contacts for treasurers are the HR and finance coordinator and the finance director at IAFN. They will review and approve contracts and expenses over $1,000, and manage audits and challenges related to the accounts. Immediate steps for treasurers include transferring the debit card from the outgoing treasurer to the incoming treasurer, and signing a bank affiliation agreement. Treasurers should also keep track of all receipts for expenses and reconcile the chapter's bank account regularly. The video discusses different ways chapters collect income, such as member dues, conferences, and donations. Expenses can include presenter fees, scholarships, and conference expenses. Treasurers are responsible for completing the annual report, including the chapter financial form and the E-990 form. The video emphasizes the support available from IAFN and encourages treasurers to reach out with any questions or concerns.

Keywords

Chapter Officers Fiscal Responsibility

accurate management of chapter funds

transparency in reporting

education expenses prioritization

treasurer contacts

contracts and expenses approval

audits and challenges management

income collection methods

expense categories