treasurer
Purpose: To manage the disbursement of all church funds and for appropriate regulatory compliance and necessary record keeping.
Works closely with Finance Secretary to disburse all funds received into the church treasury in a responsible and organized manner, with funds identified and bills paid when due, so that the ministry of the congregation can be effective.
Receives and responds to operational guidance from Chair, Finance Committee.
Ensures compliance with all applicable governmental tax guidelines
Works with the financial secretary to maintain records of all funds received
Coordinates with the financial secretary and chair of the committee on finance to make regular financial reports to the committee on finance, church council, the charge conference
There are three tasks not specifically assigned to the treasurer, financial secretary, or the chairperson of the committee on finance by the Discipline. Keeping these responsibilities separate is essential in maintaining segregation of duties. These tasks are: (1) approving payments for expenditures; (2) signing checks; (3) reconciling bank accounts. While the treasurer, financial secretary, or finance chairperson may be authorized to do any one of these tasks, no person should be authorized to do more than one. No persons related to one another should perform any two or more of these three tasks.
IN GUMC, we will have the following breakout of those duties:
Approving payments for expenditures – Finance Committee Chair
Signing Checks – Treasurer
Reconciling Bank Statements – Finance Secretary.
Collect all gifts and offerings from collection plate after each service. Two people must be present. Place all funds from the plates directly into an envelope, seal it, and both individuals initial it. Gives envelope to the Finance Secretary.
Signs all checks and coordinates with Finance Secretary to mail or distribute checks as appropriate.
Works closely with Finance Secretary to disburse all funds received into the church treasury in a responsible and organized manner, with funds identified and bills paid when due, so that the ministry of the congregation can be effective.
Receives and responds to operational guidance from Chair, Finance Committee.
Ensures compliance with all applicable governmental tax guidelines
Works with the financial secretary to maintain records of all funds received
Coordinates with the financial secretary and chair of the committee on finance to make regular financial reports to the committee on finance, church council, the charge conference
There are three tasks not specifically assigned to the treasurer, financial secretary, or the chairperson of the committee on finance by the Discipline. Keeping these responsibilities separate is essential in maintaining segregation of duties. These tasks are: (1) approving payments for expenditures; (2) signing checks; (3) reconciling bank accounts. While the treasurer, financial secretary, or finance chairperson may be authorized to do any one of these tasks, no person should be authorized to do more than one. No persons related to one another should perform any two or more of these three tasks.
IN GUMC, we will have the following breakout of those duties:
Approving payments for expenditures – Finance Committee Chair
Signing Checks – Treasurer
Reconciling Bank Statements – Finance Secretary.
Collect all gifts and offerings from collection plate after each service. Two people must be present. Place all funds from the plates directly into an envelope, seal it, and both individuals initial it. Gives envelope to the Finance Secretary.
Signs all checks and coordinates with Finance Secretary to mail or distribute checks as appropriate.