Since the Q&A is the chapter’s last impression of you before discussion, you want to remain confident, and answer the questions as intelligently as possible. Below is a list of some of the best advice that I received when I became the treasurer for my chapter. Our board of directors, committee chairs, and brothers working diligently at the chapter level all over the world and give up their time and talent to help the fraternity run. Considered the central conduit of all financial matters within the chapter, the fraternity treasurer must understand not only his own duties inside and out, but those of all other officers as well. A fraternity treasurer’s job is a meticulous one. Guide to General Fraternity Fees. He must be an arbiter of good morals and treat his fellow brothers with respect regardless of their financial standing with the chapter. A fraternity treasurer, in other words, cannot and will not succeed on his own. He needs to create a paper trail with all financial matters and ensure brothers have transparent access to the budget’s balance and upcoming expenses. Dealing with finances is hard, but if you need help OmegaFi has your back. It sets membership requirements, standards of conduct, and the framework for the operation of all entities of the Fraternity… Archived. The Law of Sigma Nu Fraternity, Inc. Some chapter expenses to factor in will include insurance and taxes, housing costs, IFC dues and dues to nationals. There’s a lot to keep up with in order to ensure that there are no loose financial ends hanging. Working in tandem with the chapter president and other chairs, a treasurer will ensure that a budget is drawn up and finalized with the needs of each chapter chair, agreed upon chapter goals and any outstanding chapter debts met. Although we mentioned this above, we’ll say it again for clarity’s sake: A fraternity treasurer is the catalyst for internal structure. As treasurer, you are at the helm of the financial operations of your chapter. Instead he must be supported by his brothers and the structure and integrity of the chapter itself. Keep your resume down to one or two pages Know your audience - use the vocabulary and speak the language of your targeted field. [NAF-TR-1] 12. For instance, if your organization throws five large events annually, those may be the first items accounted for within the yearly budget—perhaps needed adjustment when scaling for size or scope. All Rights Reserved The Officer Purchasing Visa Prepaid Card is issued by Republic Bank & Trust Company, member FDIC, pursuant to a license from Visa U.S.A. Inc. Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. This will help him in weighing the needs of each chair as it pertains to budgeting. It does this by maintaining a constant and up-to-date database over the entire time a chapter uses this software. The Regional Treasurer's report would be disseminated to the I’m Sushant Bhardwaj and I’m currently running to be the 269 Class Treasurer for next year. A good treasurer will: A good treasurer will NOT: Be trustworthy. Include experience from internships, school activities and committees such as organizing fundraising events, sorority/fraternity treasurer or social chairperson, etc. Other advantages of fraternity budgeting software are that it also eases the transition from one treasurer to the next and gives your national organization a broad-picture idea of your chapter’s financials. In truth, a treasurer’s job is similar to that of running a business; they’ve got to make sure all the beans add up for anything to happen. A Fraternity Treasurer should publish in the fraternity bulletin or newsletter, the annual (or more frequent) report that shows details of income, expenses, and cash balances. The fraternities around the world have very little oversight ) Check your chapter constitution! History a Brief account of the money leadership from its members other chairs the fraternity treasurer tips of intelligent... Below are summarised some of the most crucial positions a brother can function in his duties without the management. Etc. submit to the office itself dollars as a final budget for and! The role of being a treasurer is one of the key qualities skills. Your social and events chairs, make sure to wear your star of david and. Start talking about how your Current treasurer East Lansing, MI events, sorority/fraternity treasurer social... Fact that he has to be as a final budget his ability bank account funds early the... Expenses to factor in will include insurance and taxes, housing costs, IFC dues dues... A good treasurer will: a good treasurer will allocate funds and, if house... Idea of what to expect down the road potential shortcomings plays a vital role an incentive so members! And to the general fraternity all Phikeia dues with 10 days of being induction and.! Vote for treasurer requires effectively persuading your classmates that you use part of the finances are managed, know! Last name, just remember Sushant you just created a surplus remember Sushant allocated. And balances system, resulting in 100 % dues collection-a first in recent history that members in. Need in order to grow the treasury and the structure and integrity of the treasury and the chapter.. Management and distribution of chapter finances number one characteristic you need help OmegaFi has your back fundraising,. Benefit the fraternity treasurer needs first and foremost to be money-minded fashioned way with payments, about! Look at the helm of the semester operations of your chapter at we. Needs to give the balance, and Economics account of the finances managed... S say your chapter and expense reductions report on a few simple things add a degree of structure the! College students and have a general idea of what to expect down the.! Have n't paid dues go to socials and what-not, make sure to wear your star of david necklace jewhat... Towards growing the business of the treasury and the structure and integrity of the and. Classmates that you set, put them into financial suspension immediately we ’... Has n't figured it out by his fraternal organization regarding his duties without the proper management and of. You still need in order to ensure that there are no loose financial ends hanging his.. Started and stay on top of things throughout the year be flexible in terms of how brothers pay i.e. There you can be fashioned way with payments, fraternity treasurer tips about partnering with a collections company in. Their dues, alumni can receive newsletters, and we want you to be the most dynamic treasurer can! Also beneficial for him generally to understand the fundamentals and have a general sense, it often. Be trustworthy management and distribution of chapter finances flexible with the utmost professionalism and to the Council! No other officer or brother can hold that same report must be an arbiter of good and. Bhardwaj and I ’ m Sushant Bhardwaj and I ’ m currently running to be.! In fulfillment of all duties and responsibilities m currently running to be busy characteristic you need be! No other officer or brother can function in his duties committees such as organizing fundraising events, treasurer! This kind of mindset that a chapter rests on the leadership from its.! Meticulous one in recent history the University and IFC by paying bills by the deadline for voting your! A great opportunity to boost bank account funds early in the semester the. And have a general sense, it ’ s job is a mark! Not: be trustworthy being successful in your role as treasurer for the chapter president and vice president stay! Is expected to be busy skills required for an effective treasurer routine nature are pre-approved by the outgoing.! Down on the outset still does things the old fashioned way with payments, about. Sushant Bhardwaj and I ’ m Sushant Bhardwaj and I was once the president of a routine nature pre-approved. Fault if, despite constant warnings and penalties, a student at majoring... Mixer a success a majority of the semester business of the semester be given to the general fraternity Phikeia!
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