{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Committee Room","title":"23 Who Minds the Money?","html":"","width":"100%","height":180,"duration":1097,"description":"Sam got backed into a corner and reluctantly said yes to being Treasurer, and everyone else at the table breathed a sigh of relief. The finances are in Sam's hands now. Except — that's not quite how it works. Every single committee member shares the same responsibility for the members' money. Nobody needs to be an accountant. But nobody gets to opt out either.\nIn the first episode of the Financial Confidence series, Kate H and Kate M cover the financial side of governance from the ground up.\nIn this episode:\nThe myth of 'not-for-profit means no surplus' — why it's wrong and what it actually costs organisations\nWhy 'we budget to break even' is just budgeting to fail — and why three months of operating costs in reserve is the minimum\nEvery committee member is financially responsible — and approving a report you haven't read is not a defence\nThe Treasurer's actual job: oversight, not bookkeeping — and the difference between a bookkeeper and an accountant\nThe no-one-person rule and what to do when you don't have either a bookkeeper or an accountant\nThe best Treasurer Kate 1 ever worked with and why\nThe five governance structures that protect the organisation's money — and where to start if you don't have most of them\nFree Treasurer's Role Description Card in the show notes.\nFull show notes and free download at thecommitteeroom.com.au\n ","thumbnail_url":"https://img.transistorcdn.com/3KhiTf_Rg9u2Mabpnojtt9QRRB8v_oHBmz7df_bAv4w/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zNTAy/YTFiMTEyNTI0ZGE0/YzBlNDIyMTkwNjE3/ZGRjYi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}