It shall be the duty of the treasurer to receive all monies collected by the secretary; to keep a regular account of all monies received and to disburse the same on the order of the department; to give a monthly account to the department; to make an annual itemized report of the sums received and disbursed by his office; to submit his books on such annual report to the membership or a financial committee appointed therefrom for auditing. (Revised Code 1958)