A church treasurer holds an important and vital position within the church ministry. The church treasurer represents the church within the community, with banks and business vendors or investors. The church treasurer has the role of maintaining the business integrity of the church body. Depending on the ministry, some church treasurers volunteer their services, while others get paid.
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A church treasurer, along with other authorised members of the church, has the duty of paying bills and making deposits into the church's bank account. This will require a church treasurer to authorise or sign any checks to pay a visiting pastor, donate to charity and other organisations, or pay regular bills of the church. The church treasurer should be careful and no what it is he is signing or paying, because it could become an issue later if the check or payment was made fraudulently or was unauthorised.
Taxes And Other Deductions
Churches have employees who are paid for providing services to the church. A church treasurer is responsible for monitoring the business and employee tax that the church has to pay. For employees, the church treasurer must ensure that the applicable taxes at the federal, state and local government levels are being taken out of each employee's paychecks. In addition, just like a payroll department of a company, the church treasurer may be responsible for other employees' deductions, such as garnishments or child support payments.
Balancing Ledgers And Preparing Financial Statements
A church treasurer is responsible for properly balancing the church's bank accounts and ledgers. A church treasurer has access to see where monies were brought in and taken out. Churches have meetings for members and board members that show a church's expense statement and other financial reports, which are prepared by the church treasurer. The treasurer should be as accurate and detailed as can be with the monthly and yearly statements, should any questions or incidents occur.
Some churches have financial investments that the church pays into. It is the responsibility of the church treasurer to monitor these investments, and to conclude if the church needs to remove itself from the investment, or possibly sell the investment. The church should have a policy on church investments, which the church treasurer has the responsibility of following. A church treasurer should work in the best interest of the church body at all times, and not with personal greed in mind.
When a church is in financial jeopardy, the church treasurer can have the responsibility of relaying this financial crisis to the board members, pastors, deacons and associate treasurers. The authority members will then take the financial issue to the church, along with any solution or strategy the church treasurer has come up with that could bring the church out of the financial crisis. A church treasurer has the job of not allowing the financial crisis to get far out of hand, where the church may not be able to bounce back.
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