The role of the Finance Committee is to provide financial leadership to the congregation and governing Session. The committee regularly monitors all operating revenues and expenditures and compares them to the approved budget. It validates that we are following what the Session requests of the committee. It will formulate recommendations arising from the process and present them to the governing Session.
Duties:
To review monthly financial statements and make appropriate recommendations to the governing Session.
To plan and organize the budget process after receiving submissions from Committees responsible for organizing Church activities, programs, and preparation of a draft budget. The draft budget is then submitted to the governing Session for its review, comments and approval. The Session approved budget is then presented at the Annual Congregational Meeting for Congregational approval.
To annually review the Examiner’s report and make appropriate recommendations to the governing Session.
To review the Investment accounts with the account administrator. This is done quarterly or on an as needed basis.