The primary responsibility of the Treasurer is the care and custody of Council/Conference funds, i.e. the keeping of accurate and appropriate records of all receipts and expenditures. The Treasurer is an โofficerโ of the Council/Conference and may be a voting member of its Board of Directors. The Treasurer should have a full understanding of financial statements, how they are prepared and when correctly prepared and properly interpreted, they contribute to an understanding of the current financial condition, problems, and possibilities of a Council/Conference.