FINANCE MINISTRY
The ministry of the committee on finance is to nurture the financial vitality of the congregation. This is a comprehensive assignment that encompasses the following objectives for a financially vital congregation:
1. Financial Transparency – Purposefully cultivate a culture of openness and transparency by
a. Sharing clear, easy-to-understand financial reports with members
b. Implementing a strong system of internal controls
c. Providing for annual audit of financial reports
2. Missional Budgeting and Fundraising – The role of the committee is not to set the spending priorities of the church, but to facilitate the congregation-wide activity of discerning, planning, and budgeting for God’s mission.
3. Best Practices – Engage in practices that ensure current financial health and long-term sustainability, including:
a. Deal with risk
b. Laws and regulations
c. Restricted donations and non-cash gifts
d. Related-party transactions
e. Apportionments
Stewardship as Discipleship Goal – Help members of the congregation embrace a life of stewardship. Ultimately for Christians, all we have is a gift from God, no Christian has complete control over their money or possessions. The Finance Committee can play a key role in encouraging members to advance their understanding of stewardship beyond “fundraising to pay the church’s bills” and fully embrace their vocation as stewards of God’s blessings.