Have
you taken on the role of Treasurer of your Community organisation? Or
are you a committee or Board member and want to be across some of the
issues that you should be keeping your eye on when it comes to the
group’s finances?
For
many people it’s a question of where do we start?
Well
we now have the answer with a new free resource designed specifically to
assist Community Group Treasurers in helping them to better balance the
books. Westpac Bank, with the assistance of Our Community, has produced
an excellent production, the 48-page
Guide
for Community Treasurers,
which
is a highly practical, easy-to-follow guide covering all the basics of
being a community treasurer.
The
Guide for Community Treasurers was launched at the
Communities in Control conference by Mike Pratt, Group Executive,
Business and Consumer Banking, Westpac Bank.
“Combining our financial expertise with Our Community’s knowledge, we’ve
developed a unique financial literacy tool. It’s an essential guide for
community treasurers that includes advice on keeping the books, asset
registers, cash flow, tax, and so on - all of which are essential to
running a successful community organisation,” Mr Pratt said.
“I
encourage all community groups and their treasurers to make use of this
exciting learning tool that breaks down complex financial concepts while
providing practical examples.”
Free
copies of the guide can be downloaded from the Financial Centre at Our
Community at www.ourcommunity.com.au/finance or hard copies can
be obtained from any branch of the Westpac Bank. Our Community CEO
Rhonda Galbally said the Guide was the most up-to-date free resource for
those in charge of a community group’s finances. “No community Treasurer
should be without it,” she said.
The
new Guide covers topics such as:
•
You’ve been elected Treasurer – Now what?
•
What’s involved in being a Treasurer
•
Keeping the books
•
Tracking the cash
•
Where
the Money comes from, where it goes
•
Eight
simple steps to a Budget
•
Auditors and assets
•
Reporting to the Board
•
Tax
Facts and legal structures
•
Write
it up – it’s a manual process
•
Tips
on saving time and money.
Mr
Pratt also outlined Community Solutions, an innovative package of
banking solutions for the benefit of notfor-profit community. He said
Community Solutions greatly increased the bank’s scope to create
positive impacts for each and every one of the 700,000 community groups
in Australia through banking products better suited to their needs.
Free
copies of the Guide for Community Treasurers can be
downloaded from the Financial Centre at Our Community at
www.ourcommunity.com.au/finance or hard copies can be obtained from
any branch of the Westpac Bank.
