What is one of the responsibilities of the Treasurer in a community association?

The correct answer highlights that one of the key responsibilities of the Treasurer in a community association is to prepare the annual operating budget. This task is crucial because the Treasurer is often responsible for overseeing the financial affairs of the association, ensuring that there are sufficient funds to cover expenses and maintain the community's needs.

Preparing the annual operating budget involves estimating revenue, outlining anticipated expenses, and planning for reserves. This process requires a good understanding of the community's financial situation and the ability to forecast future financial trends. By preparing the budget, the Treasurer helps the association allocate resources effectively and provides a financial roadmap that guides decision-making throughout the year.

This responsibility directly impacts the community's operations, as it shapes how funds are utilized for maintenance, improvements, and other essential services. By managing this task diligently, the Treasurer supports the financial health and stability of the association.