Who is responsible for receiving and acting as custodian of chapter funds?

The treasurer plays a crucial role in any organization, particularly when it comes to managing the organization's finances. This position is specifically tasked with receiving funds, maintaining accurate financial records, and acting as the custodian of those funds. A treasurer is responsible for ensuring that all financial transactions are documented and reported correctly, providing transparency and accountability to the organization.

In a chapter or club setting, the treasurer oversees the collection of dues, manages budgets, and ensures that all expenditures are within the approved budget. This role is fundamental for the financial health of the chapter, as the treasurer not only handles day-to-day financial activities but often also presents financial reports to the members during meetings. This ensures that all members are informed about the financial status of the chapter and can make decisions based on that information.

Other roles, such as the secretary or president, have distinct responsibilities that do not typically include the direct management of funds. For example, the secretary focuses on maintaining records of meetings, correspondence, and member participation, while the president oversees the overall functioning of the organization and leads meetings. The vice president often assists the president and may step in when the president is unavailable, but neither the president nor the vice president has the fiduciary responsibilities that are specifically associated with