Finance Team
Faith's Finance Team manages our congregation's financial resources, ensures stewardship, and maintains transparency to support ministry goals. Key duties include developing the annual budget, overseeing income/expenses, counting weekly offerings, providing financial reporting to the council, and maintaining financial records.
Key Responsibilities:
- Budgeting & Financial Planning: The team prepares the annual operating budget, which is then submitted to the congregation council for approval.
- Asset Management & Stewardship: They monitor spending to ensure it aligns with the church's mission and vision, manage bank accounts, and oversee debt repayment.
- Financial Reporting & Audit: They provide monthly and yearly financial statements to the council and congregation. They are also responsible for arranging an annual audit of the financial records.
- Cash Handling & Internal Controls: The team, which often includes a treasurer and financial secretary, is responsible for counting weekly offerings, making bank deposits, and maintaining secure, confidential records of member contributions.
- Strategic Advising: The team offers input on long-term financial planning and the best use of resources for ministry goals.