The treasurer has a close working relationship with other board members and takes the lead in helping the board form financial policies. The treasurer also takes the responsibility for investing funds and making sure that they are following all federal and state laws. In addition to maintaining the budget, the treasurer also prepares a financial report for the board’s review at every board meeting. A regular duty of the treasurer is to monitor the budget and continually compare actual expenses against budgeted expenses. The treasurer prepares the audit report annually.