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In A new way to pay the National Debt (1786), James Gillray caricatured Queen Charlotte and King George III awash with treasury funds to cover royal debts, with Pitt handing them another moneybag. National-Debt-Gillray.jpeg
In A new way to pay the National Debt (1786), James Gillray caricatured Queen Charlotte and King George III awash with treasury funds to cover royal debts, with Pitt handing them another moneybag.

A treasurer is a person responsible for the financial operations of a government, business, or other organization.



The treasury of a country is the department responsible for the country's economy, finance and revenue. The treasurer is generally the head of the treasury, although, in some countries (such as the United Kingdom or the United States) the treasury reports to a Secretary of the Treasury or Chancellor of the Exchequer.[ citation needed ]

In Australia, the Treasurer is a senior minister and usually the second or third most important member of the government after the Prime Minister and Deputy Prime Minister. Each Australian state and self-governing territory also has its own treasurer.[ citation needed ]

From 1867 to 1993, Ontario's Minister of Finance was called the Treasurer of Ontario.[ citation needed ]

Originally the word referred to the person in charge of the treasure of a noble; however, it has now moved into wider use. In England during the 17th century, a position of Lord High Treasurer was used on several occasions as the third great officer of the Crown. Now the title First Lord of the Treasury is the official title of the British Prime Minister.[ citation needed ]

Corporate treasurers

In corporations, the Treasurer is the head of the corporate treasury department. They are typically responsible for: liquidity risk management; cash management; issuing debt, and capital structure more generally (including share issuance and repurchase); managing intercompany transactions denominated in foreign currencies, interest rate risk hedging, and currency analytics; securitizations; oversight of pension investment management. They also typically advise the corporation on matters relating to corporate finance. They could also have oversight of other areas, such as the purchase of insurance.[ citation needed ]

In the Inns of Court

In the Inns of Court, the professional associations for barristers in England and Wales, the bencher or master of the bench who heads the inn for that year holds the title 'master treasurer'.[ citation needed ]

This title is similarly used by other legal associations sharing a British heritage, such as the Law Society of Upper Canada.[ citation needed ]

Volunteer organizations

Many volunteer organizations, particularly not-for-profit organizations such as charities and theaters, appoint treasurers who are responsible for conservation of the treasury, whether this be through pricing of a product, organizing sponsorship, or arranging fundraising events.[ citation needed ]

The treasurer would also be part of the group which would oversee how the money is spent, either directly dictating expenditure or authorizing it as required. It is their responsibility to ensure that the organization has enough money to carry out their stated aims and objectives, and that they do not overspend, or under spend. They also report to the board meetings and/or to the general membership the financial status of the organization to ensure checks and balances. [1] Accurate records and supporting documentation must be kept to a reasonable level of detail that provides a clear audit trail for all transactions. [2]

See also

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A vice president or vice-president, also director in British English, is an officer in government or business who is below the president in rank. It can also refer to executive vice presidents, signifying that the vice president is on the executive branch of the government, university or company. The name comes from the Latin term vice meaning "in place of" and typically serves as pro tempore to the president. In some countries, the vice president is called the deputy president. In everyday speech, the abbreviation VP is used.

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<span class="mw-page-title-main">Investment banking</span> Type of financial services company

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<span class="mw-page-title-main">HM Treasury</span> Ministerial department of the UK Government

His Majesty's Treasury, occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and economic policy. The Treasury maintains the Online System for Central Accounting and Reporting (OSCAR), the replacement for the Combined Online Information System (COINS), which itemises departmental spending under thousands of category headings, and from which the Whole of Government Accounts (WGA) annual financial statements are produced.

<span class="mw-page-title-main">Ministry of finance</span> Government department responsible for financial policies

A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position.

<span class="mw-page-title-main">Treasurer of Australia</span> Australian government minister in charge of economic policy

The treasurerof Australia, also known as the Federaltreasurer or simply the treasurer, is the minister of state of the Commonwealth of Australia charged with overseeing government revenue collection, federal expenditure and economic policy as the head of the Department of the Treasury. The current treasurer is Jim Chalmers, who was appointed by Prime Minister Anthony Albanese in May 2022 following the 2022 Australian federal election.

<span class="mw-page-title-main">Minutes</span> Written details of a meeting

Minutes, also known as minutes of meeting, protocols or, informally, notes, are the instant written record of a meeting or hearing. They typically describe the events of the meeting and may include a list of attendees, a statement of the activities considered by the participants, and related responses or decisions for the activities.

The Treasury Board of Canada Secretariat is the administrative branch of the Treasury Board of Canada and a central agency of the Government of Canada. The role of the Secretariat is to support the Treasury Board and to provide advice to Treasury Board members in the management and administration of the government.

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The Ministry of Finance is a ministry of the Government of Ontario responsible for managing the province's fiscal policy, developing the provincial budget, and financial sector regulation. The minister of finance – called the treasurer before 1993 – leads the ministry and is responsible to the Legislative Assembly of Ontario.

<span class="mw-page-title-main">Nick Sherry</span> Australian politician

Nicholas John Sherry is a former Australian politician who served as a member of the Australian Senate for the state of Tasmania from July 1990 until June 2012, representing the Australian Labor Party. Sherry was sworn in as the Assistant Treasurer on 9 June 2009, after serving as the first Australian Minister for Superannuation and Corporate Law. Sherry was the first Assistant Treasurer from Tasmania.

<span class="mw-page-title-main">New Zealand Treasury</span> Economic and Financial policy agency of New Zealand

The New Zealand Treasury is the central public service department of New Zealand charged with advising the Government on economic policy, assisting with improving the performance of New Zealand's economy, and managing financial resources. The Minister responsible for the Treasury is the Minister of Finance of New Zealand; however, from 1996 to 2002, there existed a more specific position of Treasurer of New Zealand. The role was created for Winston Peters by the Fourth National Government under Jim Bolger after the 1996 election, and abolished by Helen Clark’s government in 2002.

<span class="mw-page-title-main">Treasury (Australia)</span> Federal treasury department of the Australian Government

The Department of the Treasury, also known as The Treasury, is the national treasury and financial department of the federal government of the Commonwealth of Australia. The treasury is responsible for executing economic and fiscal policy, market regulation and the delivery of the federal budget with the department overseeing 16 agencies. The Treasury is one of only two departments that have existed continuously since Federation in 1901, the other being the Department of the Attorney-General.

Treasury management entails management of an enterprise's financial holdings, focusing on the firm's liquidity, and mitigating its financial-, operational- and reputational risk. Treasury Management's scope thus includes the firm's collections, disbursements, concentration, investment and funding activities.

<span class="mw-page-title-main">Ministry of Finance (Netherlands)</span> Finance ministry in The Netherlands

The Ministry of Finance is the Dutch Ministry responsible for economic policy, monetary policy, fiscal policy, tax policy, incomes policy, financial regulation, the government budget and the financial market. The Ministry was created in 1798 as the Department of Finance of the Batavian Republic. It became the Ministry of Finance in 1876. The Minister of Finance is the head of the Ministry and a member of the Cabinet of the Netherlands. The current Minister is Steven van Weyenberg.

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In the United States, a parliamentarian is an expert on parliamentary procedure who advises organizations and deliberative assemblies. This sense of the term "parliamentarian" is distinct from the usage in parliamentary republics and monarchies as a synonym for member of parliament.

<span class="mw-page-title-main">Master of the treasury</span>

The master of the treasury or treasurer was a royal official in the Kingdom of Hungary from the 12th century. Although treasurers were initially responsible for collecting and administering royal revenues, they adopted more and more judiciary functions and turned into the highest judges of the realm. From the 14th century, treasurers presided over the court of appeals for a group of the free royal cities, including Buda, Bártfa, Eperjes, Kassa, Nagyszombat and Pressburg (Pozsony).

<span class="mw-page-title-main">New South Wales Treasury</span> Department of the New South Wales government

The Treasury of New South Wales, branded NSW Treasury, a department of the New South Wales Government, is responsible for state financial management policy and reporting, and providing advice to the government on economic conditions and issues in New South Wales, Australia. NSW Treasury was established in April 1824 and is the oldest continuing government agency in Australia.

A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate position is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents, but on its own generally considered subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come from specific authorization in the bylaws like Robert's Rules of Order.


  1. Robert, Henry M.; et al. (2011). Robert's Rules of Order Newly Revised (11th ed.). Philadelphia, PA: Da Capo Press. pp. 461, 477–480. ISBN   978-0-306-82020-5.
  2. Robert III, Henry M.; et al. (2011). Robert's Rules of Order Newly Revised In Brief (2nd ed.). Philadelphia, PA: Da Capo Press. pp. 153–155. ISBN   978-0-306-82019-9.

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