I as president have the checkbook, and spend as I need to. I do however keep the board well advised of what i am spending and why. We have a treasurer who i give the checkbook to weekly and she checks and balances. It works well for us, because I do all of the running.
We never had a treasurer so the president and vice president split the duty. The president has recently started a job so only the vice president remains. Now what do we do?
Our treasurer is the keeper of the checkbook. It never leaves her possession unless she is going out of town for an extended period, in which case she gives it to the president. We require two signatures on EVERY check, and a standard form to support EVERY financial transaction. We have three authorized signers: Prez, Trez, and VP. If one of the authorized signers is being reimbursed, the other two sign the actual check and paperwork.
Either the Treasurer has possesion or leaves it in our safe at the school. The Treasurer and President must sign all checks. The President has a debit card for all previously budgeted and approved purchases. We go so far as to need two people present at the bank (or 2 signatures on a check) in order to withdrawl cash.
The irony of commitment is that it’s deeply liberating-in work, in play, in love. The act frees you from the tyranny of your internal critic, from the fear that likes to dress itself up and parade around as rational hesitation. To commit is to remove your head as the barrier to your life. --Anne Morris