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ARTICLE VIII: FINANCIAL ACCOUNTABILITY

    The church treasurers, in conjunction with the elders and ministry team leaders, will put together an annual budget for review by the finance ministry team prior to presentation to the church family. Staff and lay leaders are responsible for budget lines that come under their area of ministry responsibility. Expenditures that exceed budgeted amounts must be approved by the treasurer and finance ministry team. The finance ministry team can approve a request by any ministry team up to the amount of twenty percent (20%) of the budget line item. Anything above twenty percent (20%) must be brought before the GCE for approval. Any item(s) costing more than ten percent (10%) of the amount of the church's current annual operating budget for tithes and offerings must be brought before a meeting of the membership for approval. Any disputes or disagreements will be brought before the GCE for resolution. The finance ministry team may establish further spending guidelines.

    An independent audit shall be performed by the GCE when deemed necessary.