Financial Management Overview

Financial Management Overview

Successful Clubs are Financial

Club financial management is not just the responsibility of the Treasurer of the club, but the full committee.  The starting point is having a sound policy which outlines how the club will manage its finances and what controls will be in place.

All AU Sport Clubs must ensure there are good financial management practices in order that the club can:

  • Achieve its objectives

  • Retain sufficient funds to cover scheduled bills

  • Fund all of its programs and activities

  • Meet all other contractual obligations e.g. University Rules, Associations Act, Corporations Law

Although the financial management of the club is the responsibility of the full Committee, the appointment of a properly skilled and competent Treasurer is the key to a club's successful financial management.