Process in Handling Finances
- Finances are collected by the Deacons or designated Financial Committee Member.
- Finances are counted and verified by a different group of Deacons or designated Financial Committee Member.
- Finances are logged into the computer by the Financial Committee.
- An electronic and hard copy of offertory envelopes must be kept on file for a minimum of three (3) years.
- Distribution of Funds:
i) A Financial Request Form must be turned into the Finance Committee before a check is issued to any Auxiliary.
ii) A receipt of the item purchased must be turned in to the Finance Committee within 72 hours of purchase.
iii) Receipts and financial Request forms must be kept on file for a minimum of three (3) years.
б. All disbursements must be distributed by check, unless otherwise officially approved by the Senior Pastor or Chief Financial Officer.
7. Financial Statements will be distributed semi-annually during Church Business Meeting.
8. All employees will be issued a W2 or a 1099 at the end of each calendar year.