Fiscal Accountability
Accountability to God is vital, people form their impressions of both people and churches by looking at the outward appearances (1 Samuel 16:7). The basis for establishing our approved standards of responsible stewardship is stated clearly by the Apostle Paul in 2 Corinthians 8:21 (NIV): “For we are taking pains to do what is right, not only n the eyes of the Lord but also in the eyes of men.” The following are guidelines we follow to ensure our ministry adheres to the Best Practices.
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7 Best Practices
Standard 1: Doctrinal Statement-to have a written statement of faith clearly affirming its commitment to the evangelical Christian faith, its conduct, its financial truths and biblical practices.
Standard 2: Board of Directors- to be governed by a responsible board of directors with not less than five members, a majority of whom is independent, meets at least semiannually to establish policy and review its accomplishments. Standard 3: Financial Statements-to complete and affirm with the IRS tax form 990 to affirm the income and stability of the ministry and its programs.
Standard 4: Use of Resources-ministry evaluation of fiscal accountability and controls necessary to provide reasonable assurance that all resources are used in conformity with applicable federal and state laws.
Standard 5: Financial Disclosure-to provide a copy of its current financial statements upon written request and provide other disclosures as the lay requires.
Standard 6: Conflicts of Interest-to avoid conflicts of interest.
Standard 7: Fundraising-truthfulness in communication written requests for funding. Communication to donor expectation. Donor intent is without strings attached. To carry out the donation intention.
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