Elms Family and Community Services (EFCS) is seeking to fill its Board of Directors Treasurer role. This is a volunteer (unpaid) treasury role that serves as a member of the organization’s Board.
EFCS is a 501(c)(3) nonprofit organization, located in Macomb County, Michigan. We service youth, families and individuals in Wayne/Macomb Counties and the surrounding community. EFCS strives to improve the quality of life for youth, adults, and families in low-income and ALICE households through equitable access to services, resources, and supportive programs.
Summary of Role: The Board of Directors Treasurer provides financial support to the organization.
The Treasurer:
- Has charge of the funds of the corporation, except for such funds as the Board of Directors may designate;
- Ensures that an accounting system is maintained which will give a true and accurate accounting of the financial transactions of the corporation; and
- Render reports from time to time as requested by the Board of Directors of his or her activities and the financial condition of the corporation.
- All funds received by the Treasurer shall immediately be deposited in a depository designated by the Board of Directors.
Duties and Responsibilities:
- Attends all board meetings.
- Maintains knowledge of the organization and personal commitment to its goals and objectives.
- Understands financial accounting for nonprofit organizations.
- Serves as financial officer of the organization and as chairperson of the finance committee.
- Works with the president to ensure that appropriate financial reports are made available to the board on a timely basis.
- Assists the president in preparing the annual budget and presenting the budget to the board for approval.
- Reviews the annual audit, as required by law, and answers board members' questions regarding the audit.
- Selects the organization's bank if needed, reconciling bank statements and managing cash flow.
- Manages financial investments and capital growth.
- Develops and implements daily, monthly and quarterly cash forecasting models.
- Monitors the organization's risks and losses.
- Ensures sufficient funds are available to meet ongoing operational requirements.
- Evaluates the financial aspects of the business and policies to advise the board.
- Works with Certified Public Accountants to ensure all tax returns are accurate and filed on time.
Commitment:
The successful candidate must be available to attend Board of Directors meetings monthly, quarterly or as needed and a monthly commitment of approximately 5-10 hours.
Term: This appointment is for the remainder of the current term 3-year appointment (July 1 - June 30, 2029).
All volunteer and Board members must complete a background check. Click RESPOND in the upper right corner of the screen and you will be prompted to complete the background check questionnaire. This may open a second window.
Please visit our website at elmsfamilyandcommunityservices.org to learn more about us.
