Bank recs help ensure that your bookkeeping is in line with your bank activity. They are also a key internal control to ensure that your funds are safeguarded properly with the proper reviews. Reviewing them before running any reports is absolutely essential in ensuring your reports are correct.
It’s Time to Thank Your Board Treasurer
It’s awards season, a time when we come together to celebrate and honor outstanding achievements. While we’re shining the spotlight on remarkable accomplishments, there is a group of superstars in the nonprofit sector who deserve our heartfelt appreciation and recognition: our Board Treasurers.
Board Treasurers are the unsung heroes of the board
Board Treasurers volunteer to do all of the following and then some:
- Understand financial accounting for nonprofits
- Work with the Executive Director and the chief financial officer to ensure that they make appropriate financial reports
- Present the annual budget to the board for approval
- Review the annual audit and answer board members’ questions about the audit
- Board Treasurers often do the job that no one else on the board wants to assume
They dig deep into the financial reports. They sit through audit presentations. They review 990s. They wade into the budget.
They deserve your support. Respect. And praise.
How can we show our gratitude to our Board Treasurer?
Here’s how you can effectively express your gratitude and support:
- Engaged Participation: When treasurers present their reports, give them your undivided attention. This respect for their effort and time is invaluable.
- Shared Responsibility: Don’t leave all the financial heavy lifting to the treasurer. Make an effort to review the financial reports in advance. This not only eases their burden but also fosters a collaborative environment.
- Prepared Involvement: Come to meetings ready to engage in meaningful discussions. Prepare questions and insights based on your review of the financial reports. This shows that you value their work and are actively involved in the organization’s financial health.
- Public Acknowledgment: Recognize their contributions in meetings and organizational communications. A public acknowledgment of their hard work and dedication can be profoundly affirming.
- Personal Appreciation: A personalized thank-you note or a token of appreciation can go a long way. It doesn’t have to be grand, but a sincere gesture that acknowledges their specific contributions and impact.
- Supportive Environment: Finally, ensure they have the necessary tools and resources to perform their duties efficiently. A supportive work environment is a fundamental form of appreciation.
To all the Board Treasurers reading this…
Your dedication and hard work do not go unnoticed. A heartfelt thanks for all that you do. Your role is pivotal, and your efforts are the backbone of our financial integrity and success.