RESPONSIBILITY AND DUTIES OF THE TREASURER
Responsibility: In general, perform all duties incidental to the role of Treasurer, including the development of the Association’s financial policies and a call for an annual or special accounting audit or review, as well as all other duties usual to their office or as may be delegated to them by the Board of Directors. 12
The Treasurer shall:
- Have charge and custody of and be responsible for all funds and securities of the Association.
- Make recommendations for the deposit of monies in financial institutions, as specified in the approved HIR financial policies.
- Make such financial reports and render such statement as good business practice dictates at all Board of Directors’ meetings, the general membership meetings, the annual membership meeting and as requested by the Board of Directors.
- Oversee the Association’s Annual Budget and investment plan, if any, making recommendations or adjustments as necessary and approved by the Board.
- Serve on the Executive Committee.
- Prepare the Association’s Annual Budget for the following year, with the assistance of the Budget and Finance Committee, and in conjunction with the President, President-Elect, Vice President, Committee Chairs and Executive Officer, for approval of the Board of Directors.
- Coordinate with the Executive Officer oversight for all internal financial practices, and the annual accounting audit, review or compilation.
- Annually solicit at least one HIR Member, who is not currently serving in a volunteer capacity, to serve as: 1) a HIR Committee or work group member, 2) a HIR Director or 3) an HAR Director Committee Member.
Must be a REALTOR® Member in good standing.
Strongly encouraged to be an investor in RPAC.
Must have attended training on the enforcement of the Code of Ethics within the past two years.
Must be actively engaged in the real estate business and hold an active real estate license from the state of Hawaii.
Term: The Treasurer is elected for a term of one year.