A church treasury, usually headed by a treasurer, has a very important and vital position in the church community and ministry. The church treasury, and its treasurer, represents the church within the community as well as with investors, banks and vendors. The church treasurer usually has the primary role of upholding and maintaining the business integrity of the whole church, while the church treasury as a whole manages the church's assets. Some church treasury's are made up of volunteers, while other churches hire paid treasurers to work within the treasury.
A church treasury is responsible for accounting, issuing proper receipts and disbursements of funds --all within the policies upheld by the church for financial management. Usually, the treasury assigns a church treasurer to oversee the financial policies and procedures of the church. The committee members of the church treasury and other church departments confer to recommend and exercise money policies including budgeting.
Church treasuries are responsible for balancing the bank accounts with ledgers. A church treasurer or other individual in charge of the treasury must have access to see where funds were received and taken out.
Church treasuries also have the duty of paying the bills and making the necessary deposits to the church's bank account. A treasurer must either authorise or sign checks as payment to pastors, as donations to charities, or as payment for regular bills. The church treasurer must always be careful and always be aware of what he or she is signing because later on, it can be an issue if any payment or check signed was made fraudulently.
Church treasuries must keep accurate record of all finances identified with the church. An organised financial record system must be kept at all times. The treasury is also responsible for keeping record or overseeing the bookkeeping of all expenditures and income into system --all within the appropriate categories and guidelines established by the church. Church treasuries must recognise the money that enters the church's finances is God's money. Part of the training of treasurers and other individuals on the treasury will involve learning how to help lead church members to see that the money is God's money.
Some churches have financial investments that the church occasionally pays into. A church treasury is responsible for monitoring such investments, and must determine if the church will need to remove itself from any investment deals or possibly even sell any the investments made. The church treasury must adhere to all church policies on investments.
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