Budget: Difference between revisions
m Added excess spending |
Added 6th paragraph |
||
| Line 9: | Line 9: | ||
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. | ||
| Line 15: | Line 17: | ||
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. | ||
Revision as of 13:53, 9 December 2021
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.
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.
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.
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: