Program:

Mission:

Vestry Contact:

Members:

Responsibilities:

Convener

• Schedules meetings and announces them via email
• Oversees execution of committee responsibilities

Member

• Provides the strategic financial planning for the Parish, including monitoring trends of income, expenses, and cash on hand;
• Provides long-term financial perspective to the Treasurer (which is a short-term post) and serving as a sounding board for the Treasurer’s ideas and questions;
• Collects budget requests from individual ministry groups in October of each year and constructing a budget starting point based on these by early November;
• Manages existing loans and providing guidance on future loans, including negotiating term lengths, interest rates, and refinancing;
• Manages opportunities pertaining to utility costs, with input from the Parish Administrator and the Building and Grounds Committee
• Conducts the Parish’s annual financial audit including check writing and bill paying;
• Maintains a master list of future capital projects, with input from the Building and Grounds Committee
• Educates the Parish on ways to donate, including pledges by EFT, stock donations, retirement accounts, planned giving, etc
• Makes recommendations pertaining to cashless servicing of Parish stewardship, including credit card and EFT transactions.
• Consults for:
  • The Vestry in their approval of all Parish finances, both budgeted and actual
  • The Treasurer and Vestry who monitor each month the inflow and outflow of money against budget
  • The Vestry and Endowment Committee on the intent and usage of our Parish’s Endowment, including Endowment bylaws
• Should be kept informed of:
  • Large Parish expenses including our Diocesan assessment;
  • Deposits into, and transfers between, Parish checking, savings, and CD accounts;
  • Deposits into Parish Endowment accounts;
  • Spending by the Vestry from restricted accounts, memorial funds, and new donations;
  • Current status of Endowment funds as reported by the Endowment Committee;
  • Any decisions by the Vestry to spend Endowment receipts;
  • The Diocesan Report generated by the Treasurer.

Calendar:

January 7

February 1

References:

Useful Info: