MCFNC PRESENTATION. November 2018 Austin, Texas
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1 MCFNC PRESENTATION November 2018 Austin, Texas
2 The Church Treasurer s Manual
3 169 PAGES OF MANUAL & Two Formats Computer for ease of navigation Printable for a hard copy
4 HOW CAN I GET ONE? /5ecuytpbu4o1plbqz1sb 38i26s9ou6hf edd or diane or diane
5 TABLE OF CONTENTS Chapter 1 Introduction. Chapter 2 Functions of a Church Treasurer. Chapter 3 Financial Reporting. Chapter 4 Internal Controls. Chapter 5 Restricted Funds and Investments. Chapter 6 Audit or Financial Review. Chapter 7 Insurance and Bonding. Chapter 8 Personnel. Chapter 9 Stewardship and Budgeting.
6 RESOURCES. General Resources Insurance Carriers Personnel Resources Stewardship Resources
7 APPENDIX. Audits or Financial Review Job Descriptions Sample Policies Leasing Church Property Mission Funding
8 CHAPTER ONE INTRODUCTION Introduction Material Book of Order References GAAP Developing a Financial Team
9 CHAPTER TWO FUNCTIONS OF A TREASURER Record Keeping Bookkeeping Contribution Receipts Regular Financial Reviews
10 CHAPTER TWO FUNCTIONS OF A TREASURER VITAL PAPERS Copies and Updated Exemption Letter available Sending Per Capita
11 CHAPTER THREE FINANCIAL REPORTING Monthly Reporting Annual Reporting to church Annual Reporting to members Governmental Reporting Unrelated Business Income
12 CHAPTER THREE FINANCIAL REPORTING Governmental Reporting Payroll, exemptions, 990, etc Unrelated Business Income Not how you spend, how you make
13 CHAPTER FOUR INTERNAL CONTROLS Financial Controls Internal Control Checklist Leasing out the Church Benevolence Accounts Scholarships
14 CHAPTER FOUR INTERNAL CONTROLS Money Counting, two people Deacon s Fund, Pastor s Acct Scholarships Fraud issues
15 CHAPTER FIVE RESTRICTIONS & INVESTMENTS Gift Acceptance Policy Funds & Restrictions Investment Policy
16 CHAPTER FIVE RESTRICTIONS AND INVESTMENTS Receiving, general fund or restricted For what & How long is it restricted? Donor restrictions, Other restrictions, When and how to invest extra money
17 CHAPTER SIX AUDIT OR FINANCIAL REVIEW Financial Review External or Internal What is Involved
18 CHAPTER SIX AUDIT OR FINANCIAL REVIEW Committee or CPA Exchange Services w/ others What is Involved
19 CHAPTER SEVEN INSURANCE & BONDING Book of Order Direction Master Policies Transportation Issues
20 CHAPTER SEVEN INSURANCE & BONDING Inventory protection Videos, pictures, lists Drivers, Logs, Maintenance
21 CHAPTER EIGHT PERSONNEL E verify Personnel Policy Hiring and Firing Minister s Compensation
22 CHAPTER EIGHT PERSONNEL Individual Files Hiring and Firing laws Proper wages Best benefit to pastor and church
23 CHAPTER NINE STEWARDSHIP AND BUDGETING Stewardship Ideas Developing a Budget A Healthy Budget Process The Narrative Budget
24 CHAPTER NINE STEWARDSHIP AND BUDGETING Kaleidoscope Conference Why a Narative Budget
25 APPENDICES SAMPLE POLICIES Benevolence Fund Policy Cash Disbursements, Conflict of Interest, Counting Offerings, ETF, Credit Cards Endowment and Gifts, Ethics Policy, Gift Acceptance Policy Include the Church in your Will? Investment Policy Reimbursement Plan Suggested Records RetentioN
26 IMPORTANT DISCLAIMER. While this manual is provided in the hope it will assist you generally in answering questions, this document does not attempt to render legal, accounting, or other professional advice or services to you. If legal advice or other expert assistance is required, the services of a competent professional advisor should be sought. Indeed, before relying on information contained in this manual or any resource, including web sites, please consult with an attorney or other appropriate professional advisor licensed in your state.
27 CORRECTIONS & ADDITIONS. Available, no cost, through Diane, or me, Send all issues with content or grammar to me. If you think of something that would be helpful to include, let me know. If you have some nit-picky wording, spelling, grammar issue, send me the info. I want this doc to be useful and would like to keep it updated.
28 TREASURER S TRAINING EVERY YEAR POWER POINT PRESENTATION COVERING ALL TOPICS
29 QUESTIONS? CONTACT US. Edd Breeden, Treasurer, Phone, text, Diane Case, Accountant, Phone, text, , Facebook, Financial Network Group
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