Categories: Strata Management

What is the role of the Treasurer on Strata Council

Sitting on Strata Council is no easy task! As a Strata Council member, you are essentially a part of the governing body that runs your strata corporation. Think of it as a mini business or government. Your individual role will really depend on the position that you are elected for, or more often volunteer for!

What is required for the Strata Council Treasurer

The role of the Strata Council Treasurer is to supervise financial performance, budgeting, and the long term financial well being of the Strata Corporation. This will include things such as:

  • Reviewing monthly financial statements
  • Reporting to Council
  • Getting involved in the budgeting process. Working with the strata manager to help set the budget for the AGM
  • Monitoring invoices and expenditures from the Operating Account and CRF
  • Reviewing long term financial objectives
  • Deciding where money will be spent

The Strata Council Treasurer has the difficult task of being responsible for the funds of the Strata Corporation. In many cases, this can reach into the millions of dollars! The good news is that you will have the help of your fellow Council members, and of course the Strata Management Company that will generally be handling all of your day to day accounting and finance functions.

Read this article to find out what exactly the Strata Council Secretary does.

Looking for some help with condo and strata management? Reach out to our Vancouver Property Management Company here!

Chris Stepchuk

Recent Posts

Property Management has very little to do with actually managing properties!

This may seem completely counterintuitive, but the reality for most property managers and strata agents…

5 days ago

Can the strata ban election signs?

It's Federal election time here in Canada, and we see Liberal, Conservative, and NDP signs…

2 weeks ago

Will AI replace my strata manager?

This is something that we’ve been thinking about A LOT lately! AI is everywhere right…

3 weeks ago

How does Strata Earthquake insurance work?

All strata insurance policies, at least every single one that I have ever seen, has…

4 weeks ago

What to know about Strata Council hearings

When an owner requests an official hearing from Strata Council, there is no need to…

1 month ago

How can Strata Managers keep track of everything???

Being a Strata Agent can be a VERY demanding job. Dealing with 10-20 buildings who…

1 month ago