Treasurer

Overview

The treasurer is a volunteer position, elected by the board to a one-year term until a qualified successor is elected.

Custodian of Funds responsible for the Society’s bank accounts including deposit and paying approved bills
Monthly Reconciliation bank statements with Finance Chair every month to ensure the Society’s books match the bank’s records
Annual Budget participation for creating the annual budget
Treasurer Report presentation at board meetings including a Statement of Activity and a Balance Sheet
Annual Audit participation to maintain transparency with the members
Legal & Tax Compliance with critical filings including IRS Form 990, Annual Financial Report to Ohio Attorney General, and Sales Tax
Event Cash Management of cash boxes and day’s intake with another board member

Nonprofit accounting standards, specifically regarding restricted vs. unrestricted funds and endowment management
Overseeing the preparation and filing of IRS Form 990 and state-level nonprofit tax filings
Management of investment portfolios, interest-bearing accounts, or capital reserve funds for long-term organizational stability
Ability to design and enforce policies for expense reimbursement, check-signing authority, and petty cash management to prevent fraud
Ability to explain complex financial data to non-financial board members in clear, accessible language
High-level accuracy in reconciling bank statements and maintaining the general ledger

“Bedford is an historic town and what better way to learn the history of the community than by joining the Bedford Historical Society!”

Terry serves as the Treasurer of the Historical Society.