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Treasurer

From Academic Kids

In many governments, a treasurer is the person responsible for running the treasury. Treasurers are elso employed by organisations to look after funds.

In Government

The treasury of a country, such as the United States or the United Kingdom, is the department responsible for the country's money. The treasurer is generally the person responsible for it's upkeep, although, in some systems (such as the US or the UK) the treasurer reports to a Secretary of the Treasury, or Chancellor of the Exchequer.

Originally the word referred to the person in charge of the treasure of a noble, however it has now moved into more wider use. In the UK during the 17th Century, a position of Lord High Treasurer was used on several occasions as the third great officer of the Crown. Now the title First Lord of the Treasury is the official title of the British Prime Minister.

In Organizations

Many other organizations, particularly not-for-profit organizations such as charities, unions, and churches, appoint treasurers, who are responsible for generating income for the group, whether this be through pricing of a product, organizing sponsorship, or arranging fundraising events.

The treasurer would also be part of the group which would oversee how the money is spent, either directly dictating expenditure, or authorizing it as required. It is their responsibilty to ensure that the organization has enough money to carry out their stated aims and objectives, and that they do not overspend.

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