What are the roles and responsibilities of an HOA treasurer?

In Washington, the roles and responsibilities of an HOA (Homeowners Association) Treasurer are vast. The Treasurer is responsible for managing the HOA’s finances and accounts. This includes collecting assessments, dues, and other fees; managing all deposits and withdrawals; and providing detailed financial statements to the board. It is also the Treasurer’s responsibility to pay all bills, pay any taxes owed, and maintain all financial books and records. The Treasurer is responsible for ensuring that all of the HOA’s assets are properly maintained and safeguarded. This includes maintaining insurance policies and making sure that all collecting funds are deposited in a secure, FDIC-insured account. The Treasurer is also in charge of setting up a budget and following it closely, as well as reviewing financial statements carefully and explaining their contents to the board. The Treasurer is also responsible for overseeing audits of the HOA’s finances, and must make sure that all of the HOA’s funds are spent in accordance with the HOA’s rules and bylaws. Additionally, the Treasurer must provide copies of all financial documents and reports to the board at each meeting. The Treasurer is an important role in an HOA and their responsibilities are crucial to the success of the organization.

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What are the roles and responsibilities of an HOA treasurer?

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