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In the U.S., the state treasurer is a state's chief banker and money manager. The treasurer oversees all of the state's cash savings, debt and investments.
- Dave Roos
The state treasurer serves as the chief custodian of each state's treasury and as the state's head banker. Typically, they receive and deposit state monies, manages investments, and keeps track of budget surpluses and deficits.
OfficeholderStatePartyAssumed OfficeOctober 1, 2021UnknownNovember 16, 2022UnknownJanuary 20, 2021January 7, 2019Sep 7, 2022 · The majority of US states employ a state treasurer to serve as the chief financial officer and chief banker of the state government.
- Basic Rules For Dealing with Money
- Receiving Money
- Spending Money
- Petty Cash
- Transfers Between Bank Accounts
- Keeping Records
- End-Of-Month Check
- Committee Meetings
- More Information
Each group may deal with its money in a slightly different way depending on circumstances. But there are basic rules for dealing with money which apply to everyone. 1. Be methodical. Keep a clear recordevery time you receive or pay out money. Do not rely on memory to write it up later. Clear records will help you to keep track of money and ensure t...
When you receive a cheque or someone makes a bank transfer into your group’s account, keep the paperwork (eg. a covering letter with a grant). Write on it the date on which you received the cheque or bank transfer. Whenever you take in cash, write a receipt. The easiest way is to use a small duplicate book with numbered pages. Record the total amou...
Make sure that you have invoices or till receipts for all purchases. For travel costs, get bus tickets or taxi receipts. This rule applies to both cash and bank payments. When you pay out cash, write out a petty cash voucher. Ask the person receiving the cash to sign for it. Staple the till receipt to the voucher. Give the voucher a number and file...
You may be able to withdraw cash using your cheque book, building society passbook or debit card. Cheques will need to be signed by two signatories. Fill in the cheque stub as ‘Petty cash’. Withdrawals by passbook or debit card should be authorised in advance by at least 2 signatories. You can create a simple form to be used for this, that includes...
If you have more than one bank account, keep a clear record of transfers between them. When you withdraw money from a deposit account, it is best to transfer the money into your current account before spending it. Back to top
You should record all receipts (money in) and payments (money out) in an accounts book or spreadsheet. For very simple records, the ‘accounts book’ may be a page in a notebook. For more detailed records, it may be a spreadsheet on a computer or a paper analysis book with several columns. We have spreadsheet accounts systemsavailable to download for...
Cash account
1. If you have a lot of entries each month in your cash account, it is best to rule off the page at the end of the month. Add up each column. Check that the balance in your book is the same as the cash in the tin. Carry over the balance to the new month. 2. If you have very few entries simply check your balance against the cash in your tin, and continue on the same page. 3. If you cannot get your cash account to be the same as the cash in the tin, do not carry over the error to next month. Wr...
Bank account
1. Use the monthly bank statement to check that you have written everything correctly in your account book and that the bank has not made any mistakes with your money. 2. Tick off each entry in your book which appears on the bank statement. 3. You may have written a cheque or made a card payment that does not yet appear on the statement. You will need to subtract this from the balance on the bank statement. 4. You may have made a last-minute deposit which is not on the statement. You will nee...
You should be in a position at each meeting to say how much money the group has available. For small groups, this may be enough. However, to give the committee a more useful picture, it is best to report: 1. the cash balance 2. the bank or building society balance 3. total receipts and payments so far this year 4. expected receipts and payments ove...
For more help with looking after your group’s money, see Your group’s money and Financial rules. Back to top Page updated February 2019
EXAMPLES OF TREASURY DUTIES. Ensuring sufficient cash and funding, identifying and mitigating against financial risks, encouraging a culture of sound financial practice.
Tax collection and distribution, investments, financial literacy. The treasurer serves on the State Investment Board, State Board of Equalization, State Historical Board, Teachers Fund for Retirement Board, Board of Trust Lands, State Canvassing Board.
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A treasurer is a financial executive responsible for managing an organization's financial assets and ensuring the company's liquidity and financial stability. Treasurers work across various sectors, including corporations, nonprofits, government entities, and educational institutions.
