"And my God will meet all your needs according to the riches of his glory in Christ Jesus."
The Finance Ministry is responsible for:
Providing Financial Direction
The Finance Ministry is responsible for managing and guiding the financial health of the church. This includes communicating the financial direction, developing a plan to improve financial stewardship, and monitoring the ongoing finances of the church.
Providing for the Church's Budget
Creating and administering a fully funded program budget is an important task of the Finance Ministry. The budget becomes an expression of the congregation’s identity and priorities. Building a budget includes understanding the church's vision of ministry and priorities as included in the mission statement, working closely with ministry leaders to understand funding requests, ____(something about bills)____ and ultimately the creation of a line-item budget.
Providing Financial Communications
At Creekstone Church, we like to keep the channels of communication open, including our financial environment. The Finance Ministry is responsible for financial reporting, finance-related announcements (e.g. purchases made using church funds), and annual giving statements.
PROVIDING FINANCIAL REPORTS
The entire church looks to the Finance Ministry for signals about the financial health of the church. Financial reports are created and managed by the Finance Ministry to ensure accurate financial records are being maintained. Financial reports may detail monthly, quarterly, and annual cash flow as well as the current status of the church's finances.
PROVIDING SAFEGUARDS FOR CHURCH FUNDS
The Finance Ministry is also responsible for the proper handling of tithes, offerings, and other donations. There are several checks and balances in place within the Finance Ministry to ensure church funds are not vulnerable to the risk of theft or misappropriation. To learn more about these processes and procedures, please contact ________________.
PRESERVING FINANCIAL RECORDS
Preserve the records for the financial secretary, treasurer, and annual audit in a safe place for at least seven years. If most of the record keeping is done on computer, backup should be made regularly. Two copies should be made, one to keep somewhere in the church building and one to store off site – such as a bank box where other important legal papers are kept. All invoices, vouchers, and canceled checks are to be stored for a similar period; they may be kept at the church in a safe, dry place. Each year the oldest set of records should be destroyed under the direction of the Committee on Finance. Tax, payroll, and insurance records should be kept permanently.
PLANNING FOR GIVING BEYOND THE BUDGET
The church's budget is the foundational finance tool and generates the funds to operate the ministry and mission of Creekstone Church. Sometimes, however, we may need to raise money beyond the budget. This extra giving may be for acquisitions of property, goods, or services, or missions beyond the budget. The Finance Ministry seeks to generate interest and support for these extra giving opportunities, as needed.
Creekstone Church is a 501(c)(3) organization. For any questions related to giving or ____, please reach out to the Finance Ministry at _________.