Treasurer
GovernanceThe board officer responsible for overseeing the HOA's financial accounts and reporting.
The treasurer oversees all financial matters of the HOA — reviewing monthly financial statements, signing checks (often with a second signature for amounts over a threshold), presenting financial reports at board meetings, overseeing the annual budget process, and working with the auditor or CPA. In smaller associations without a management company, the treasurer may also handle day-to-day bookkeeping. In managed communities, the treasurer reviews and approves the work done by the management company but delegates daily financial operations. The treasurer has a heightened fiduciary duty around financial controls and must disclose any conflicts of interest.
The treasurer is the board's financial watchdog. A diligent treasurer catches errors, prevents fraud, and ensures the community's money is handled responsibly.
Frequently Asked Questions
What financial records should the treasurer review monthly?
Related Terms
Board of Directors
The elected governing body responsible for managing the HOA on behalf of all homeowners.
President
The board officer who chairs meetings, signs official documents, and leads the board.
Audit
An independent review of the HOA's financial records to verify accuracy and compliance.
Annual Budget
The HOA's year-ahead financial plan detailing expected income and expenses for both operations and reserves.
Officer
A board member holding a named executive role: president, vice president, treasurer, or secretary.
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Start 14-Day Free TrialThis page provides general information only — not legal or financial advice. HOA laws vary by state and community. Always consult your governing documents and an HOA attorney for guidance specific to your situation.