Which one of the following is not a duty of a Treasurer?

The role of a Treasurer primarily revolves around managing an organization’s financial assets and liquidity, which includes duties such as raising funds, controlling cash flow, and investing surplus funds in financial markets. Each of these responsibilities directly corresponds to maintaining the financial health and operational viability of an organization.

Raising funds entails strategizing and implementing plans to acquire necessary capital, whether through loans, bonds, or equity investments. Cash flow control ensures the organization has enough liquidity to meet its short and long-term financial obligations, thereby supporting smooth operations. Investing surplus funds involves placing excess capital into financial markets to earn returns, which is another critical area of focus for a Treasurer.

In contrast, budgets and cost accounting generally fall under the purview of financial management or accounting departments. This function focuses on planning, monitoring, and controlling costs and revenues, ensuring that resources are used effectively. While there may be some overlap between the treasurer’s role and budgeting, it is not considered a primary duty of the Treasurer, making it the correct answer to the question regarding which responsibility does not typically belong to this role.