Fonds I0198 - Office of the Treasurer fonds

Until the mid-1960s, the accounting and financial aspects of the Sir George Williams University affairs were mainly handled by the YMCA of Montreal. Because of the increasing size and complexity of the University’s finances, and the requirements of the Quebec Ministère de l’Éducation for more detailed data, steps were taken in 1966 by the University to establish an Office of the Treasurer to take over these functions. In January 1967, William McIntosh Reay became the first University Treasurer, thus relieving Henry G. Worrell, Controller of the University, from some of the many heavy responsibilities that had gradually accrued to his office (the function of Controller was actually abolished in 1971). The University set up its own accounting system from June 1, 1967 and the fiscal year 1967-1968, was the first for which complete separate University financial statements were prepared. During that period the University substantially used the services of the Computer Centre in the areas of payroll, accounts payable and financial statements.