EMS Handbook: Executive Committee

2.2.4 Tasks of the Treasurer

The European Mathematical Society is registered in Finland and follows Finnish law. The Secretariat of the EMS is located at the University of Helsinki. The Treasurer is the head of the Secretariat. EMS is a customer of the Finnish Nordea Bank, where the cash funds of EMS are deposited. Nordea also gives investment advice to EMS. An accounting company takes care of the book-keeping.

The responsibilities of the treasurer include:

• Prepares the budget to be presented to the Executive Committee and approved by the Council.
• Prepares the annual financial statements to be approved by the Executive Committee and sent to the auditors.
• Oversees the financial development of EMS.
• Keeps up-to-date records as well as an audit trail for all transactions.
• Makes sure the EMS complies with tax regulations.
• Keeps the Executive Committee informed about the financial situation of EMS by regularly giving financial reports.
• Advises the Executive Committee on financial strategy and fundraising.
• Is a member of the Supervisory Board of the EMS Press.