Position Description – Treasurer of the West End Music and Dance Teachers’ Cooperative Ltd

N.B. This is a voluntary position with no remuneration paid.

West End Music and Dance Teachers’ Cooperative (the Co-op) is seeking a skilled Volunteer Treasurer who is passionate about music and the performing arts.

The Co-op owns and operates Browning Street Studios in West End (established 2008) and is a registered Non-Trading Cooperative under the Cooperatives National Law (Queensland) 2020. The Co-op is governed by a Board of Directors, democratically elected every year from its membership and supported by a Company Secretary.

Overview

The Volunteer Treasurer will oversee the financials of the Co-op and assist the Board to develop sustainable finance strategies. The Co-op is a not-for-profit entity for tax purposes and is not currently registered for GST.

Qualification

• Chartered Accountant or CPA preferred.
• The successful candidate is willing to stay in the role for at least one year.
• The successful candidate is able to become a financial member of the Co-op.

If you have the passion for music education and supporting independent music teachers and musicians, please send your CV and your contact details to Ms June Lee, Company Secretary at board@browningstreetstudios.com.au by Sunday, 31 October 2021.

Term of Position 

The appointment is 1 year. Retirement and re-election are governed by the Cooperative Rules.

Duties overview

A. General financial management as part of the Co-op

• Manage the Co-op financial matters such as monthly invoices to teachers and hirers, purchases and recurring payments etc.
• Oversee and present bank accounts, budgets and financial statements to the Board.
• Ensure that record-keeping and accounts meet the conditions of contractual agreements
• Ensure compliance with relevant legislation such as Co-operatives National Law Act 2020.
• Keep proper records and documentation
• Ensure that appropriate financial systems and controls are in order (e.g. book-keeping, payments, purchases and other lodgements)
• Ensure required insurances are in place

B. Financial planning, budgeting and reporting

• Present financial reports and professional comments thereon to the Board
• Present and revised financial forecasts based on actual spend
• Advise on the financial implications of the Co-op’s operation
• Present the accounts at the annual general meeting (AGM)
• Develop strategies to enhance the Co-op’s financial sustainability

C. Fundraising, Funding and sales

• Advise on Co-op fundraising strategies
• Ensure use of funds complies with conditions set by funding bodies
• Ensure fundraising and sales comply with relevant legislation and are bound by effective financial systems and controls
• Ensure effective monitoring and reporting

D. Other

• Attend Board meetings in person/teleconference
• Attend member meetings to communicate financial informationHelp out with other Co-op tasks if you have the capacity
• Promote the business and value of the Co-op