Budget - Revision history

Serenity152102: Budget Amendment Request link

2023-01-31T22:16:56Z

Budget Amendment Request link

← Older revision		Revision as of 22:16, 31 January 2023
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	Directors will sign final approved budgets after the Governing Board has approved them.		Directors will sign final approved budgets after the Governing Board has approved them.

			[https://forms.gle/pHteaHCnoBGJqS8dA Budget Amendment Request]
	=== Excess Spending: ===		=== Excess Spending: ===

PastorLance at 14:03, 13 October 2022

2022-10-13T14:03:08Z

← Older revision		Revision as of 14:03, 13 October 2022
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	If a director spends in excess of budget funds, they must immediately report this to the Treasurer.		If a director spends in excess of budget funds, they must immediately report this to the Treasurer.

	Recommended Reading:		===Credit Card Policy ===

			Please review the [[Credit Card Policy\|credit card]] policy as well.

			===Recommended Reading:===

	[https://smile.amazon.com/Management-Essentials-Christian-Ministries-James-ebook/dp/B0032UDUCK/ref=sr_1_2?keywords=Management+Essentials+for+Christian+Ministries%5C&qid=1638025777&qsid=141-5620754-5689828&sr=8-2&sres=0805431233%2C173506422X%2C1087859190%2C1632694689%2C0814629458%2C0310087317%2C0801014905%2C0764231367%2C1683593154%2CB009XG9V70%2CB06XFRGKZD%2C1540962261%2C1734307943%2C0802449840%2C0802418066%2C0805443932&srpt=ABIS_BOOK Anthony, Michael J., and James Riley Estep. ''Management Essentials for Christian Ministries''. Nashville, TN: Broadman & Holman Publishers, 2005. 115-132.]		[https://smile.amazon.com/Management-Essentials-Christian-Ministries-James-ebook/dp/B0032UDUCK/ref=sr_1_2?keywords=Management+Essentials+for+Christian+Ministries%5C&qid=1638025777&qsid=141-5620754-5689828&sr=8-2&sres=0805431233%2C173506422X%2C1087859190%2C1632694689%2C0814629458%2C0310087317%2C0801014905%2C0764231367%2C1683593154%2CB009XG9V70%2CB06XFRGKZD%2C1540962261%2C1734307943%2C0802449840%2C0802418066%2C0805443932&srpt=ABIS_BOOK Anthony, Michael J., and James Riley Estep. ''Management Essentials for Christian Ministries''. Nashville, TN: Broadman & Holman Publishers, 2005. 115-132.]

PastorLance at 14:00, 13 October 2022

2022-10-13T14:00:33Z

← Older revision		Revision as of 14:00, 13 October 2022
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	Excess Spending:		=== Excess Spending: ===

	It is within the purview of the Senior Pastor and Treasurer each to make any purchases in excess of budgeted amounts up to $500.00 each. (Ie. The Treasurer can pre-approve $500 and the Senior Pastor can pre-approve an additional $500.) These amounts will be promptly entered into Aplos. No reporting to the Governing Board is necessary for these edits. These approvals must take place before the monies are spent. This is the entire discretion of the treasurer or senior pastor to request any budgetary amendment be presented to the governing board.		It is within the purview of the Senior Pastor and Treasurer each to make any purchases in excess of budgeted amounts up to $500.00 each. (Ie. The Treasurer can pre-approve $500 and the Senior Pastor can pre-approve an additional $500.) These amounts will be promptly entered into Aplos. No reporting to the Governing Board is necessary for these edits. These approvals must take place before the monies are spent. This is the entire discretion of the treasurer or senior pastor to request any budgetary amendment be presented to the governing board.

PastorLance at 13:59, 13 October 2022

2022-10-13T13:59:54Z

← Older revision		Revision as of 13:59, 13 October 2022
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	[[Category:Finance]]		[[Category:Finance]]
	Directors of Ministry Initiatives are required to submit annual budgets for their departments.		Directors of Ministry Initiatives are required to submit annual budgets for their departments. Budgets should be turned in to the Treasurer by September 30 of each year.

			The treasurer and senior pastor will combine all budgets and assess overall organizational financial needs. Proposed amendments will be sent to the directors before a final budget is presented to the governing board.

	Budgets need to be approved by the Governing Board and sometimes other committees in order to be acted upon.		Budgets need to be approved by the Governing Board and sometimes other committees in order to be acted upon.

	Budgets are created in the month of October. ~~Initial projected~~ budgets are due by October ~~15th of each year~~. ~~Final~~ budgets ~~are due by October 31st~~.		Final Budgets are created in the month of October. Final budgets are due by October 31st. The Governing board will review these budgets in a special board meeting in November.

	Administrative staff will meet with Directors to assess and understand the overall budget.		Administrative staff will meet with Directors to assess and understand the overall budget.
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	Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.		Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.

			Directors will sign final approved budgets after the Governing Board has approved them.


	Excess Spending:		Excess Spending:

	It is within the purview of the Senior Pastor and Treasurer to make any purchases ~~within the~~ budgeted ~~amount~~ up to $500.00. Any purchases in excess of $~~500~~.00 or in excess of ~~the budgeted amount~~ require board ~~approval~~.		It is within the purview of the Senior Pastor and Treasurer each to make any purchases in excess of budgeted amounts up to $500.00 each. (Ie. The Treasurer can pre-approve $500 and the Senior Pastor can pre-approve an additional $500.) These amounts will be promptly entered into Aplos. No reporting to the Governing Board is necessary for these edits. These approvals must take place before the monies are spent. This is the entire discretion of the treasurer or senior pastor to request any budgetary amendment be presented to the governing board.

			Any purchases in excess of budgeted funds of $1000.00 require board approval.

			Directors can request budget changes at any time but all budget changes in excess of $1000 will require a board vote.

			When a budget is changed, the treasurer will amend the budget in Aplos so that reporting is correct.

			If a director spends in excess of budget funds, they must immediately report this to the Treasurer.

	Recommended Reading:		Recommended Reading:

	[https://smile.amazon.com/Management-Essentials-Christian-Ministries-James-ebook/dp/B0032UDUCK/ref=sr_1_2?keywords=Management+Essentials+for+Christian+Ministries%5C&qid=1638025777&qsid=141-5620754-5689828&sr=8-2&sres=0805431233%2C173506422X%2C1087859190%2C1632694689%2C0814629458%2C0310087317%2C0801014905%2C0764231367%2C1683593154%2CB009XG9V70%2CB06XFRGKZD%2C1540962261%2C1734307943%2C0802449840%2C0802418066%2C0805443932&srpt=ABIS_BOOK Anthony, Michael J., and James Riley Estep. ''Management Essentials for Christian Ministries''. Nashville, TN: Broadman & Holman Publishers, 2005. 115-132.]		[https://smile.amazon.com/Management-Essentials-Christian-Ministries-James-ebook/dp/B0032UDUCK/ref=sr_1_2?keywords=Management+Essentials+for+Christian+Ministries%5C&qid=1638025777&qsid=141-5620754-5689828&sr=8-2&sres=0805431233%2C173506422X%2C1087859190%2C1632694689%2C0814629458%2C0310087317%2C0801014905%2C0764231367%2C1683593154%2CB009XG9V70%2CB06XFRGKZD%2C1540962261%2C1734307943%2C0802449840%2C0802418066%2C0805443932&srpt=ABIS_BOOK Anthony, Michael J., and James Riley Estep. ''Management Essentials for Christian Ministries''. Nashville, TN: Broadman & Holman Publishers, 2005. 115-132.]

Serenity152102: Added 6th paragraph

2021-12-09T13:53:55Z

Added 6th paragraph

← Older revision		Revision as of 13:53, 9 December 2021
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	The November Governing Board meeting will vote on the submitted budgets. If the budgets are not approved in November, the board will give a list of requirements to the directors and reconvene the next month. This will continue until the board has approved a budget.		The November Governing Board meeting will vote on the submitted budgets. If the budgets are not approved in November, the board will give a list of requirements to the directors and reconvene the next month. This will continue until the board has approved a budget.

			All expenses are to be categorized by department account lines within Aplos per the board approved budget. Adjustments to the department account lines can be made at the discretion of the Senior Pastor and Treasurer, provided the amendments do not affect the budget totals.

	The Treasurer will provide a monthly report of Department Spending to each Director.		The Treasurer will provide a monthly report of Department Spending to each Director.
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	Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.		Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.

Serenity152102: Added excess spending

2021-12-09T13:51:18Z

Added excess spending

← Older revision		Revision as of 13:51, 9 December 2021
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	Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.		Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.


			Excess Spending:

			It is within the purview of the Senior Pastor and Treasurer to make any purchases within the budgeted amount up to $500.00. Any purchases in excess of $500.00 or in excess of the budgeted amount require board approval.

	Recommended Reading:		Recommended Reading:

	[https://smile.amazon.com/Management-Essentials-Christian-Ministries-James-ebook/dp/B0032UDUCK/ref=sr_1_2?keywords=Management+Essentials+for+Christian+Ministries%5C&qid=1638025777&qsid=141-5620754-5689828&sr=8-2&sres=0805431233%2C173506422X%2C1087859190%2C1632694689%2C0814629458%2C0310087317%2C0801014905%2C0764231367%2C1683593154%2CB009XG9V70%2CB06XFRGKZD%2C1540962261%2C1734307943%2C0802449840%2C0802418066%2C0805443932&srpt=ABIS_BOOK Anthony, Michael J., and James Riley Estep. ''Management Essentials for Christian Ministries''. Nashville, TN: Broadman & Holman Publishers, 2005. 115-132.]		[https://smile.amazon.com/Management-Essentials-Christian-Ministries-James-ebook/dp/B0032UDUCK/ref=sr_1_2?keywords=Management+Essentials+for+Christian+Ministries%5C&qid=1638025777&qsid=141-5620754-5689828&sr=8-2&sres=0805431233%2C173506422X%2C1087859190%2C1632694689%2C0814629458%2C0310087317%2C0801014905%2C0764231367%2C1683593154%2CB009XG9V70%2CB06XFRGKZD%2C1540962261%2C1734307943%2C0802449840%2C0802418066%2C0805443932&srpt=ABIS_BOOK Anthony, Michael J., and James Riley Estep. ''Management Essentials for Christian Ministries''. Nashville, TN: Broadman & Holman Publishers, 2005. 115-132.]

PastorLance at 15:10, 27 November 2021

2021-11-27T15:10:29Z

← Older revision		Revision as of 15:10, 27 November 2021
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	Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.		Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.

			Recommended Reading:

			[https://smile.amazon.com/Management-Essentials-Christian-Ministries-James-ebook/dp/B0032UDUCK/ref=sr_1_2?keywords=Management+Essentials+for+Christian+Ministries%5C&qid=1638025777&qsid=141-5620754-5689828&sr=8-2&sres=0805431233%2C173506422X%2C1087859190%2C1632694689%2C0814629458%2C0310087317%2C0801014905%2C0764231367%2C1683593154%2CB009XG9V70%2CB06XFRGKZD%2C1540962261%2C1734307943%2C0802449840%2C0802418066%2C0805443932&srpt=ABIS_BOOK Anthony, Michael J., and James Riley Estep. ''Management Essentials for Christian Ministries''. Nashville, TN: Broadman & Holman Publishers, 2005. 115-132.]

PastorLance at 15:04, 27 November 2021

2021-11-27T15:04:46Z

← Older revision		Revision as of 15:04, 27 November 2021
Line 1:		Line 1:
	[[Category:Finance]]		[[Category:Finance]]
			Directors of Ministry Initiatives are required to submit annual budgets for their departments.

			Budgets need to be approved by the Governing Board and sometimes other committees in order to be acted upon.

			Budgets are created in the month of October. Initial projected budgets are due by October 15th of each year. Final budgets are due by October 31st.

			Administrative staff will meet with Directors to assess and understand the overall budget.

			The November Governing Board meeting will vote on the submitted budgets. If the budgets are not approved in November, the board will give a list of requirements to the directors and reconvene the next month. This will continue until the board has approved a budget.

			The Treasurer will provide a monthly report of Department Spending to each Director.

			Directors will sign Quarterly Budgets to be accepted by the Governing Board.

			Directors will sign Final Annual Income and Expense Reports in March to be accepted by the Governing Board.

PastorLance: Created page with "Category:Finance"

2021-11-25T16:29:07Z

Created page with "Category:Finance"

New page

[[Category:Finance]]