Who oversees FBLA's finances and what are their primary responsibilities?

• A. The treasurer or finance officer; duties include maintaining accounts, budgeting, and reporting.
• B. The president handles finances and audits.
• C. The advisor manages all financial reporting.
• D. A volunteer committee handles all budgeting.

Answer: (A)

The person who oversees FBLA's finances is the treasurer or finance officer. This role acts as the financial steward of the organization, keeping the money organized and accountable. Their main duties are maintaining accurate financial records, preparing and managing the annual budget, and delivering regular financial reports to the chapter's leadership and members. They handle deposits and disbursements, reconcile accounts, monitor cash flow, and ensure expenditures stay within the approved budget and comply with bylaws. They also coordinate with the chapter adviser and any governing bodies to meet reporting requirements and audits if needed. While the president leads and the adviser provides oversight, the formal day-to-day financial responsibilities belong to the treasurer or finance officer, with other groups or individuals assisting as needed.