Finance and Stewardship Committee
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Their counsel to the Administrative Committee is essential to provide broader insight and external review of all our financial decisions. |
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The Role and Duties of the Finance and Stewardship Committee |
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| 1. | The F & S Committee is appointed by the General Overseer to serve the Church by formulating and articulating biblically based and globally oriented financial plans and stewardship principles for Assembly consideration. | ||
| 2. | The F & S Committee should reflect the international constituency of the Church (as much as possible). As a Standing Committee, it should interact with the international Church in the process of report development. | ||
| 3. | The F & S Committee is to prepare a preliminary report that should be distributed to the Church no later than 90 days prior to the ensuing Assembly for their consideration. Any biblically based recommendation should be accompanied by scriptural references; any practical stewardship matters should include appropriate rationale. Additional matters not included in the report should not be considered in that Assembly; however, urgent matters may appear. This does not preclude any dynamic move of the Spirit to give direction. | ||
| 4. | Matters related to F & S for Assembly consideration should be directed to the Committee. The General Moderator, in consultation with the Assembly Counselors and the Committee, may introduce matters of an emergent nature not included on the Assembly Report. | ||
| 5. | The General Overseer or International Assembly may utilize this Committee to assist in providing accountability and policy formulation in financial administrative processes. (Cf. 88th Assembly Minutes, 1994, pages 149, 151.) | ||
| 6. | The F & S Committee to focus on practical matters, including promotional and fund-raising projects. Thus, when determining the Assembly's expression, the one-accord principle will be used for the BDP on doctrinal matters while the overwhelming consensus will determine all other matters and those presented by the F & S and the AC. | ||
| 7. | It is the responsibility of the F & S Committee to review and establish the salary and benefits of all International Offices Appointees and to develop an investment policy for the International Offices funds. (Cf. 87th Assembly Minutes, 1992, page 61.) | ||
| Having reviewed all prior duties of this Committee, it is obvious that too much of the role of the Finance and Stewardship Committee was obscured during the transitional period of the last few years. We, therefore, recommend that all of the previously stated duties of the F & S Committee be recognized so that they may serve this Church in providing better accountability of all Church finances. Furthermore, this would include the use of the F & S Committee to provide accountability in policy formulation in the financial administrative process and in setting salaries for the General Overseer and General Presbyters. It is the responsibility of the F & S Committee to review and establish the salary and benefits of all International Offices Appointees and to develop an investment policy for the International Offices funds. Their counsel to the AC is essential to provide broader insight and external review of all our financial decisions. We also recommend that their expenses to attend meetings be reimbursed or provided as other Assembly Standing Committees. We humbly recommend the above Report with special appreciation to all those who have served in the past and presently serve on our Assembly Committees. Their commitment to the mission of this Church and willingness to work without salary on their respective Committees is to be commended by this body. |
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