PART 13 – FINANCES AND FINANCIAL CONTROL
Financial year
58 The financial year of the Congregation
shall end on December 31.
Financial transactions
Congregation before:
60 The board of deacons shall not:
(a) purchase or sell any real property regardless of
value;
(b) make an improvement, expansion or alteration of
existing facilities or fixtures
having a cost that exceeds 5% of the then current
operating budget;
without the prior authorization
of the Members by special resolution.
Signing authority
61 All
contracts, instruments, and other legal
documents shall be signed on behalf of the
Congregation by the individual(s) designated from time to time by
the board of deacons.
Budget
62 (1) At each annual meeting, the board
of deacons shall present a proposed
budget of revenues and expenditures for the coming year for
approval by the
Members.
(2) The board of deacons may continue to
expend funds after the financial year-end
until the next annual meeting on the basis of the budget
approved at the previous
annual meeting.
Remuneration for services to the Congregation
63 (1) Deacons, coordinators, committee
members and other church workers:
(a) are not entitled to receive remuneration for their
services to the Congregation
in the capacity of
deacon, coordinator, committee member or other church
worker;
(b) may receive reasonable remuneration when providing
services to the
Congregation in any capacity other than as deacon,
coordinator, committee
member or other church
worker.
(2) Any person is entitled to reimbursement
for reasonable expenses incurred on
behalf of the Congregation.
Annual financial statements
64 (1) The board of deacons shall place
before the Members at every annual meeting of
the Congregation:
(a) financial statements for the period that began
immediately after the end of the
last completed financial year and ended not more
than four months before
the annual meeting;
(b) the report of the auditor; and
(c) any further information respecting the financial
position of the Congregation.
(2) Before publishing or distributing, the
financial statements mentioned in subsection
(1) the board of deacons shall approve them and that
approval shall be evidenced
by the signature of one or more of the signing officers
designated by the board of
deacons under section 61.
(3) The board of deacons shall include with
the notice of the annual meeting described
in section 25 a notice stating that a copy of the financial
statements may be
obtained from the church office free of charge.
Auditor
65 (1) The Members shall, by ordinary
resolution at each annual meeting, appoint an
auditor to hold office until the close of the next annual
meeting.
(2) The deacons shall immediately fill a vacancy in the office
of the auditor.
(3) The auditor must meet the requirements set out in the Act.
(4) The remuneration of the auditor may be fixed by ordinary
resolution of the
Members or, if not so fixed, it may be fixed by the board
of deacons.
(5) The auditor is entitled to:
(a) receive notice of every general meeting of the
Congregation;
(b) attend every general meeting at the Congregation’s
expense; and
(c) be heard on matters relating to his or her duties.
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