Look up treasurer in Wiktionary, the free dictionary.

A treasurer is the person responsible for running the treasury of an organization. The adjective for a treasurer is normally "tresorial". The adjective "treasurial" normally means pertaining to a treasury, rather than the treasurer.

Government[link]

In A new way to pay the National Debt (1786), James Gillray caricatured Queen Charlotte and George III awash with treasury funds to cover royal debts, with Pitt handing them another moneybag.

The Treasury of a country is the department responsible for the country's economy, finance and revenue. The Treasurer is generally the head of the Treasury, although, in some countries (such as the U.K. or the U.S.) the treasurer reports to a Secretary of the Treasury, or Chancellor of the Exchequer. In Australia, the Treasurer is a senior Minister and usually the second most important member of the Government after the Prime Minister. From 1867 to 1993, the Ministry of Finance (Ontario) was called the Treasurer of Ontario.

Originally the word referred to the person in charge of the treasure of a noble, however it has now moved into 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.

Corporate treasurers[link]

In corporations, the Treasurer is the head of the corporate treasury department. They are typically responsible for liquidity risk management, cash management, issuing debt, foreign exchange and interest rate risk hedging, securitization, oversight of pension investment management, and capital structure (including share issuance and repurchase). They also typically advise the corporation on matters relating to corporate finance. They could also have oversight of other areas, such as the purchase of insurance.

There are various Treasurer associations. The International Group of Treasury Associations (www.igta.org) is composed of about 30 treasurer's organizations in the world. In Europe, the European Associations of Corporate Treasurers (www.eact-group.com) federates 17 national treasurers associations from 16 countries. The Certified Treasury Professional designation serves as the professional certification for treasury managers and corporate treasurers with over 20,000 CTP's worldwide.

In the Inns of Court[link]

In the Inns of Court, a professional association in England and Wales, the bencher or Master of the bench who heads the Inn for that year holds the title 'Master Treasurer'. This title is similarly used by other legal associations sharing a British heritage, such as the Law Society of Upper Canada.

In other organizations[link]

Many other organizations, particularly not-for-profit organizations such as charities, unions, and churches, appoint treasurers, who are responsible for conservation of the treasury and 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 authorising it as required. It is their responsibility to ensure that the organization has enough money to carry out their stated aims and objectives, and that they do not overspend, or under spend. They also report to the board meetings the financial status of the organization to ensure checks and balances. Accurate records and supporting documentation must be kept to a reasonable level of detail that provides a clear audit trail for all transactions.

See also[link]

• Auditor general
• Bursary
• Comptroller
• Chief financial officer
• Certified Treasury Professional

External links[link]

• O*NET-SOC 11-3031.01 ~ Treasurers and Controllers
• U.S. Department of Labor SOC 11-3031 ~ Financial Managers
• Treasurer articles
• Association of Public Treasurers of the United States and Canada (APTUSC)
• California Municipal Treasurers Association (CMTA)
• Oklahoma Municipal Treasurers' Association (OKMTA)
• Government Treasurers' Organization of Texas (GTOT)
• Virginia Treasurers' Association (TAV)
• Articles and research for treasurers from gtnews

Thomas Michael Cox (born 24 January 1930) is a retired Labour party politician in the United Kingdom.

Cox was educated at state schools and the London School of Economics after which, according to his entry in Who's Who, he became an "electrical worker". He served as an alderman of Fulham Borough Council 1960-65 and as a councillor, representing Halford ward, on the London Borough of Hammersmith and Fulham from 1964, as well as an Inner London Education Authority (ILEA) councillor.

Cox contested Stroud in 1966. He was Member of Parliament (MP) for Wandsworth Central from 1970 to February 1974,^[1] then for Tooting from February 1974 to 2005. He served as a whip in the 1974-1979 Labour government.^[1] He lives in Southfields in the London Borough of Wandsworth.

References[link]

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Frank Roche (born July 11, 1959) is an American writer and businessman. He is the author of Know HR, co-owner of iFractal LCC^[1] with Sarah Chambers, and a regularly featured speaker on HR matters.^[2] He presented at WorldatWork's 2007 national conference on "HR Consulting or Corporate: Which is the Right Choice for You?"^[3] He was named One of the Top 25 HR Influencers in 2007^[4] by HR World Magazine.

Awards and publications[link]

He has won several Gold Quill Awards of Merit from IABC, the ACE Grand Award and Award of Excellence and the APEX grand Award.^[5] He has been quoted on HR matters in the U.S.^[6][7]

References[link]