District Treasurer

Primary Purpose: To receive and take charge of all money belonging to the district, supervise the payment of all district bills approved by the regional school committee, and to issue bonds, notes, and other authorized indebtedness on behalf of the district. The District Treasurer shall be subject to Massachusetts General Laws, Chapter 71, Section 16A, and the provisions of sections 35, 52, and 109A of Chapter 41, to the extent applicable. Major Responsibilities: 1) Establish and monitor all banking relationships and reconcile all bank accounts monthly. 2) Coordinate all district borrowing with the district’s fiscal advisor and bond counsel and issue debt on behalf of the district. 3) Take responsibility for receipt and disbursements of all district funds and monitor policies to execute such transactions. 4) Monitor cash flow and borrow as appropriate to fund construction costs and working capital needs. 5) Invest district funds prudently in a manner that will maximize interest income to the extent allowed by law. The investment program should encompass excess working capital funds and borrowed construction funds to minimize the impact of construction projects. 6) Monitor expenditures in accordance with the approved budget. 7) Assist in the supervision of the accounting and payroll systems and insure controls, policies, and procedures are appropriate to produce accurate financial reports and to safeguard district assets. 8) Coordinate the annual audit. 9) Give bond in an amount prescribed by the school committee that equals or exceeds the minimum required by state law. The School Committee will pay the premium on such bond. 10) Stay current with laws and regulations applicable to regional school districts, banking practices, interest rate environment, and economic conditions. 11) Provide an accounting at the end of the fiscal year to the School Committee of the excess and deficiency account, interest earned, outstanding expenditures, anticipated closing balances, outstanding debt authorized and issued, as well as, other key financial indicators of fiscal responsibility. 12) Establish an on site weekly work schedule of approximately four hours per week to provide advice and assistance to district personnel, make required bank transfers, monitor and reconcile accounts, and to coordinate the duties of the Treasurer with the Superintendent, Business Administrator, and other financial personnel. 1) Provide advice and support to district personnel off site on an as needed basis utilizing telephone, fax, email, and other electronic means. 2) Perform such other tasks related to the treasury function as may from time to time be assigned by the School Committee. Qualifications: Experience in all aspects of school and municipal finance including cash management, debt issuance and management, and financial reporting. Proficient in Microsoft Office products. Certification as a Massachusetts Municipal Treasurer or a Certified Public Accountant preferred. Terms of Employment Reports to the School Committee and is reappointed annually at the June School Committee meeting for a one year term. PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand and talk or hear. The employee frequently is required to walk. The employee must occasionally lift and/or move up to 10 pounds, for example, school supplies and books. Specific vision abilities required by this job include close vision such as to read handwritten or typed material, and the ability to adjust focus. The position requires the individual to meet multiple demands from several people and interact with the public and other staff. WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is quiet.