Responsibilities as of January 1, 2022.

The President-Elect/Treasurer is a member of the Executive Committee and serves as custodian of funds, securities, and any other financial assets. He/she is in charge of all financial matters as provided in the by-laws and responsibilities outlined below. Acts for the President in his/her absence, and assumes the office of President, if the President is unable to fulfill the duties of the office. He/she will serve a three- year term: One year as President-Elect/Treasurer, one year as President, and one year as Chair of the Board.

• Participates with Executive Committee and association’s management firm, preparing the annual operating budget.
• Reviews and communicates the financial health of the ICRM. 
• Reviews financial calculations of association’s management firm to ensure expenses are allocated to correct general ledger. 
• All accounts payable are filtered and processed by the association’s management firm. The President Elected/Treasurer will be responsible for:
  • Ensuring financial activity submitted by association’s management firm pertains to association. 
  • Reviewing and authorizing all association invoices/reimbursements due to vendors, suppliers or members. 
  • Ensuring the ICRM President has reviewed expenses before they are disbursed for payment.
• Presents at monthly Board meetings, condensed financial report to Board for previous month’s balance sheet. 
• Presents financial report at Annual Meeting.
• Maintains the Strategic Plan and presents updates to the board at least once a year.
• May serve as a Committee Liaison to additional ICRM Committees, or lead new initiatives.