FINANCE
COMMITTEE
MISSION
To provide for responsible management of all financial assets of the congregation;
to prepare an annual budget reflecting realistic anticipated receipts and expenditures
that support the congregation's ministries; to strengthen the financial position
of the congregation through all appropriate means. MEMBERSHIP
The committee will consist of up to six members of the congregation, including
at least one Council member, the treasurer, and a chair ratified by the Congregation
Council. RESPONSIBILITIES -
Provide for financial management systems in the congregation, including bookkeeping,
banking, and investing.
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On behalf of the Congregation Council, ensure that financial affairs of the congregation
are being conducted efficiently, giving particular attention to promptly paying
all obligations and regularly forwarding the expected proportionate share of congregational
income to the synodical treasurer.
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Regularly analyze and report to the Congregation Council trends in income and
expenses, giving special attention to unanticipated fluctuations.
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Annually develop a draft or budget for the coming fiscal year and submit it to
the Congregation Council for its submission to the congregation. The budget development
process should include opportunities for staff, committees, and other groups to
request support for their programs, and should reflect annual consultation between
the synod and the congregation.
- Provide
for an annual audit of all financial transactions of the congregation.
- Develop
and maintain a system of long-range financial planning for the congregation.
TIME
COMMITMENT
The term of service is normally one year, renewable. The committee
usually meets monthly, as well as for special meetings at times mutually agreeable. ACCOUNTABILITY
AND REPORTING -
All records will be submitted to the Audit Team annually and more frequently upon
request.
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The committee will provide a regular report of its accomplishments and recommendations
to the Congregation Council.
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The committee will prepare a written report for the annual congregational meeting.
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The committee will submit an annual budget request.
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