Leonard Upham
2603 Tremont St.
Cedar Falls, IA 50613
(O): 319-273-2407
(H): 319-266-7509
TREASURER
(elected by IBA membership - two year term)
The Treasurer shall handle all funds, pay bills, and give a proper accounting of
same at each biannual meeting in addition to transacting the normal duties of the
office. Specifically:
Receipt of all funds received.
Deposit of all funds received
Pay all bills as approved by the President
Keep all records current.
Reconcile the various accounts with the monthly bank statements.
Work with the President to insure that spending does not exceed the total
amount budgeted or, if revenues fall below projections, the total amount
available within the limits of the budget.
Provide bi-monthly financial reports to the Board of Directors.
Provide a fiscal year-end report to the Board of Directors at the summer
planning meeting.
Present a preliminary budget proposal to the Board of Directors at the
summer planning meeting. The final budget shall be approved by both
the Board of Directors and the Advisory Board.
Be present for the annual audit of the books by a committee of three members
of the Advisory Board, one of whom will be the President-Elect who will
serve as chairperson of the committee.
The Treasurer is a member of the Board of Directors of the corporation.
The Treasurer shall be bonded by the corporation.
The Treasurer shall serve a two year term and shall be elected on even numbered
years. The term of office for the Treasurer shall be concurrent with the Federal fiscal
year for non-profit corporations, July 1 to June 30. The incumbent Treasurer shall
declare on or before December 1 of the second year of the term of office his or her
intention either to seek, or not to seek re-election.
The Treasurer shall serve as an ex-officio, non-voting member of the Endowment
Fund CommiHee.
This position receives an honorarium. .
Lodging, banquet ticket, and conference fee at the IBA Conference will be provided
by the IBA.