Chair: vacant
Members: Walter Ensign, Jan Impara, Elysia Iverson, Michael Ross; Office Administrator; Board Treasurer; Stewardship; Endowment Trust
Ministry: Administration

The Finance Committee is one of the requisite committees essential for the basic functioning of the Fellowship. It shall submit a target budget to the Board for consideration and plan, track and report on Fellowship finances.

The chair is appointed by the Board for a two year term. The Board Treasurer, and Representatives of the Endowment Trust and Stewardship Committee are ad hoc members of the Committee.

Budget Preparation

• Meets with Committee chairs to determine their financial needs
• Prepares a preliminary budget and schedules study sessions for members
• After the Stewardship campaign, the budget is revised as necessary and presented to the Board for approval
• At the annual meeting the budget is presented to members for approval
• Provides feedback to Committees on final budget allocations

Financial Monitoring

• Reviews monthly statements of income and expenditures
• May adjust the operations budget as necessary throughout the fiscal year
• Oversee Fellowship funds (excluding Endowment Trust Funds)
• Analyze the financial requirements of the Fellowship both in relation to current and to future needs.

Forms:
Budget Request [FY 2011-2012]
Check Request Form .pdf [updated: 20-Jul-2009]
Committee Expense Tracking (example) .xls [updated: 20-Jul-2009]

General Timeline for Committee Work during Year
FY10 Budget [updated: 8-Jul-2009]

Policies & Procedures: Finance & Stewardship