The Finance Division consists of a group of session members who submit a budget for the church and are also responsible for implementing and supervising a financial plan for the church to follow.
The function of the Finance Division is to manage the finances of the church.
Assist the Session, with the cooperation of the other Division Chairs, to determine the budget needs of the church.
Prepare a proposed budget for submission to the Session.
Work with the church treasurer in establishing systematic procedures for making expenditures, adjusting bookkeeping procedures to fit new needs, adjusting budget items to reflect program changes and such other activities that have to do with orderly bookkeeping and accounting procedures.
Arrange for the annual audit/review of all church financial records.
Assist the Stewardship Division in follow-up during final stages of Stewardship campaign.
Work with Stewardship Division in developing a long range financial plan for the church.
Keep the congregation informed of the financial status of the church on a regular basis, including the Preservation/Restoration Fund and special projects.
Initiate proposed budget changes when funds need to be transferred from one budget item to another within the fiscal year or when the budget needs to be increased.
Work with the church treasurer in seeing that sufficient funds are available at all times to meet current expenses.
In case of inadequate funds, recommend to the Session what actions should be taken and alert the congregation to the financial needs.