MISSION STATEMENT:
It is the mission of the Finance Ministry Team, with Jesus' teaching to guide us and the Holy Spirit to help us, both to reflect God's love and grace to the congregation in our stewardship and long-term giving programs and to manage the return of God's financial gifts to our church in a way that will enable us to minister most effectively to each other, while extending God's loving and gracious outreach to our community and the world at large.

RESPONSIBILITIES:
This Ministry Team coordinates and oversees the following Schedule of duties:

• Hold regular monthly meetings. Called meetings will be held when needed. Attendance by four members constitutes a quorum. Action requires the vote by a simple majority.
• Report important financial developments to the Session no later than at the next stated meeting.
• Prepare and submit a proposed annual budget for Session approval.
• The Business Administrator shall keep the Finance Ministry Team informed of the monthly operations and balances in each of the church's funds and bank accounts.
• The Finance Ministry Team shall arrange an annual review of the church's financial records.
• In the event of a full-year operating surplus, recommend to the Session a plan for using this surplus.
• If a full-year operating deficit appears likely, recommends to the Session a plan for funding the deficit or for eliminating it. Options considered will include borrowing, withholding budgeted expenditures, and special appeals or offerings.
• A minimum of either two Finance Ministry Team members or one member and the Business Administrator or Executive Assistant will count and record gifts prior to each week's bank deposit.
• The Finance Ministry Team shall manage the financial aspects of major spending projects and debt service programs, shall give first priority to the timely service of debt, and shall maintain a policy of full disclosure and cooperation with lenders.
• The Finance Ministry Team must be consulted on plans or projects with material financial requirements.
• The Finance Ministry Team shall oversee the standing Special Funds Management Committee.

Approvals and oversight:

• The Finance Ministry Team must give approval before an overrun of a budget line item or transfer of budget between a Ministry Team's line items is allowed.
• First the Finance Ministry Team and then the Session must give approval before any significant non-budgeted expenditures are allowed.
• The Finance Ministry Team shall review the annual Weekday Children’s Ministry budget prior to Session approval and shall oversee the Weekday Children’s Ministry financial operations.

Membership consists of Lead Elder who will serve as chair and other members at-large appointed by the Lead Elder.

The staff contact shall be the Business Administrator.

SPECIAL FUNDS MANAGEMENT COMMITTEE
The Special Funds Management Committee is a sub-committee of the Finance Ministry Team.