Your duties and responsibilities as local Treasurer include the following:
Protecting the funds and assets of the Local is the fundamental job of the Treasurer. Treasurers must carry out their duties and make sure they comply with:
Federal Law
CWA Constitution
Local Bylaws
Union and Local Policies
It is the Treasurer's responsibility to:
verify that all expenses have been properly authorized.
verify that there is adequate documentation of expenses on file.
ensure that all expenditures are explained.
Other duties and responsibilities include:
Prepare budget in consultation with other officers.
Maintain financial records:
Receive funds due to the Local, including dues payments from the International, cash dues, initiation fees, etc.
Handle expenditure of funds. Secure authorization, documentation and explanation.
Keep bank account records.
Report on finances to Local.
Report to membership.
Furnish financial statement to International.
Maintain records on employees.
Prepare Forms W-4, W-2, W-3, I-9.
Prepare Forms 1099, 1096.
Prepare Journal Ledger.
Meet Federal report requirements.
LM reports
Form 990
Unemployment compensation Form 940.
Quarterly tax return Form 941.
Meet state, county, city report requirements.
Arrange for annual audit.
Handle bonding coverage.
Manage Local's assets.
Invest Local funds consistent with sound accounting practices and policies of the Local.
Share in responsibility of internal and external organizing (The H-166 can be particularly helpful in internal organizing efforts).
Make worksite visits (All officers should talk with the members at different worksites occasionally).
Provide communication link between members and President.
Perform all duties as required by the CWA Constitution and Local Bylaws.
The Treasurer's Checklist of Documents will help you identify the documents you will need to perform your duties.