FINANCE COMMITTEE

THE UNITED METHODIST BOOK OF DISCIPLINE

A finance committee helps an organization's board of directors manage its money. Core duties include making the annual budget, checking monthly financial reports, setting internal rules to stop fraud, and planning for long-term financial health. They report all findings back to the full board. The committee on finance shall establish written financial policies to document the internal controls of the local church. The written financial policies should be reviewed for adequacy and effectiveness annually by the committee on finance and submitted as a report to the charge conference annually.

The committee shall make provision for an annual audit of the financial statements of the local church and all its organizations and accounts. The committee shall make a full and complete report to the annual charge conference. A local church audit is defined as an independent evaluation of the financial reports and records and the internal controls of the local church by a qualified person or persons. 

2 Corinthians 9:7 (CEB)

   Everyone should give whatever they have decided in their heart. They shouldn’t give with hesitation or because of pressure. God loves a cheerful giver. 

Luke 6:38 (CEB)

   Give, and it will be given to you. A good portion—packed down, firmly shaken, and overflowing—will fall into your lap. The portion you give will determine the portion you receive in return."