Finance Commission
Supervising the monetary aspects of Parish stewardship
Chaired by Kristi Gross, Chair & Vestry Liaison, 786-6843 kristigross@pobox.com
Members:
Sarah Estes, Audit Chair, 898-0387
Roy Smith, Budget Chair, 582-6162, rhsmith@umw.edu
PURPOSE: To assure that Christ Church is in sound financial health and that its financial activities are conducted in a businesslike manner in accordance with the canons.
MEETINGS: As needed and at least quarterly.
MEMBERSHIP: The Rector, Senior Warden (Chairman), out-going Senior Warden, and Treasurer ex officio; Stewardship Chairman and the Chairman of the Building Finance Committee whenever those offices are filled; additional members as recommended by the chairman and approved by the Vestry.
RESPONSIBILITIES:
1. Ensure that business of the church is conducted in accordance with
the methods set forth in the Manuel of Business Methods in Church Affairs.
2. Prepare yearly budget of Christ Church for Vestry approval.
3. Monitor expenses against budget and recommend changes or remedial action, as required.
4. Report quarterly to the Vestry and congregation on the church's financial position.
5. Support the Stewardship Chairman in organizing and conducting stewardship program.
6. Determine the bonding requirements of the Treasurer for Vestry approval.
7. Determine insurance requirements for Vestry approval.
8. See that the annual audit is conducted in accordance with the Canons.
9. Report orally or in writing at the Annual Congregational Meeting.
ELECTION/APPOINTMENT: Chairman, Senior Warden; other members as stated under MEMBERSHIP above.
TERM OF SERVICE: Annual.
