1. Financial Practices for Churches of all Sizes
Kelly Williams and Brent Messick

2. 1. Welcome and Introductions
Kelly Williams is the Director of Finance & Accounting at Church of the Resurrection. She was hired in 1995 as the church’s first Business Administrator. Kelly is currently serving as the Chair of the Great Plains Conference Board of Pension and Health Benefits. She also has served on the Investment Committee for the General Council on Finance & Administration. Kelly is a graduate of Kansas State University and a Certified Public Accountant.

3. 1. Welcome and Introductions
Brent Messick is the Managing Executive Director of Operations and Chief Financial Officer at Church of the Resurrection. He oversees the following ministries: Stewardship and Generosity, Finance & Accounting, Facilities, I.T., Worship and Event Technical Production, Human Resources, Catering & Food Services, and the café and bookstore operations. He currently serves on the Great Plains Conference Council on Finance and Administration. Previously, Brent has over 25 years of business experience, with his B.A. and M.B.A.

4. 2. Workshop Objectives Review stewardship and annual budgeting
Recognize essential aspects of financial statements
Identify fiscal internal controls
Articulate an emerging ethic of fiscal responsibility

5. 3. Stewardship Local church expectations Stewardship campaigns
Commitment Card (Guide to Giving)
Stewardship Campaign Tracking Worksheet (Exhibit A)
Ways to give
EFT
Online Giving
Stock contributions
Cash, Checks
Offering
Pass the Plate
Act of Worship
Financial Transaction

6. 4. Annual Operating Budget
Budget philosophy
Income Worksheet (Exhibit B)
Operating Expenses (Exhibits C1 & C2)
Consolidated Budget (Exhibit D)
Budget review and approval process
Contingency planning
Reserves
“Building Cash Reserves”

7. 5. Finance Committee Job Description Budget review and approval
Changes to the budget during the year
Monthly review – actuals vs. budget

8. 6. Financial Statements Operating Statement (Exhibit E)
Balance Sheet – Assets, Liabilities, Net Assets
Cash Flow Statement (Exhibit F)
Website Financial Stats (Exhibit G)
Monthly review

9. 7. Designated Funds Church and Clergy Tax Guide (2015)
Special Offerings
Designated Gift Info. Form (Exhibit H)

10. 8. Internal Controls Minimum Standards Handling cash Check signing
Segregation of duties
Annual audit
GCFA Local Church Audit Guide

11. 9. Confidentiality Access to pledging and giving information
Clergy and staff payroll information
Conflicts of Interest (Exhibit I)

12. 10. Integrity and Transparency
Senior Pastor Compensation
Financial Report at Annual Church Conference
Annual Audit
Compliance with Laws and Regulations

13. 11. Resources Propel by Rev. Dr. Clayton Smith
Church & Clergy Tax Guide
Church Finance Today
Church Law & Tax Report

14. 12. Evaluations

15. 13. Questions and Answers