As the treasurer of an association, the roles of accountability and transparency are of paramount importance.

These principles are the foundation upon which trust is built within the organization.
There are

1. Financial Reporting
Regular Reports: Provide quarterly report to NEC, and Annual financial reports at AGM to the members.
These reports should include income statements, balance sheets, and cash flow statements etc.

2. Budget Management
Annual Budget: Develop and present a proposed annual budget for approval by NEC
The budget should outline expected income and expenditures and align with the association’s goals.

3. Budget Monitoring system: Continuously monitor actual spending against the budget and report any significant variances. This ensures that the association’s financial resources are used as planned

4. Audit:
Internal Audits: Conduct regular internal audits to ensure accuracy and compliance with financial policies. These audits can be performed by an internal committee or an external auditor.

5. Open Communication
Financial Meetings: Hold meetings with the NBA Branch Chairmen and members to discuss financial matters. Encourage questions and provide clear, honest answers and encourage member to pay their practise fees on time.

6. Strategic Financial Planning
Long-Term Planning: Engage in long-term financial planning to ensure the association’s sustainability. This includes setting aside reserves for future needs and contingencies as maybe approved by NEC

By adhering to these practices, the treasurer can ensure the financial health of the association while fostering a culture of trust, accountability, and transparency. These efforts are crucial in building and maintaining the confidence of members and stakeholders in the association’s financial management.
VOTE
CHUKWUEMEKA MBAMALA Esq
FOR NATIONAL TREASURER NBA