The office of Grand Treasurer was established in 1724 1.
The Treasurer bears responsibility for the financial assets and safety of the funds belonging to the body 1. Because of the weight of this responsibility, it is customary to select a member of worldly substance for the post and to require a bond with security from him to guarantee the lodge's funds 1. In some jurisdictions, the Treasurer receives a salary or a percentage for his services 1.
The Treasurer functions alongside the Secretary to maintain financial integrity. In the operational division of duties, the Secretary acts as the receiving officer who collects all money due to the lodge from any source and subsequently turns those funds over to the Treasurer, thereby serving as a check upon him 1.
In the ceremony of installation, the Treasurer is invested immediately following the Wardens 2.
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