30 Questions
Who is the Finance Chair of Metropolitan United Methodist Church?
Deborah Jordan
Which section of the manual provides information on the General Policies?
Procedures
What is the purpose of the Benevolent Fund?
To assist those in need
Where can the Annual BWC Finance Reports be found?
In the APPENDICES section
What is the purpose of the Commentary on Stewardship?
To offer insights on responsible financial management
Who is responsible for entering identified contributions into QuickBooks?
The Treasurer
Which committee(s) must approve purchases and services initiated by ministries and the Administrative Secretary?
Finance Committee
Who must approve major purchases and services?
Church Council
Where should completed forms for church sponsored activities be returned to?
Administrative Secretary
Who should funds raised in the name of the Church be deposited to?
Church bank account
Who should underwrite all costs relating to a sponsored activity?
Church Ministries
Who has the discretion to distribute funds to the needy?
Pastor
Which category includes education, evangelism, and worship?
Special Mission Projects
What does the category 'Operations' include?
All of the above
What does the category 'Capital expenditure' mainly focus on?
Major repairs, replacement, and development
Which category covers salaries and benefits?
Staff Support
What does the category 'Capital Funds' include?
Building Fund and debt retirement
Which category is associated with special Sunday offerings?
Special Mission Projects
According to the text, who is authorized to make approved cash disbursements?
The Treasurer or designee
According to the text, who should be an authorized signature/check signer?
The Financial Secretary
According to the text, what is the amount of the honorarium paid to guest ministers or speakers?
$150.00
According to the text, who should ministries notify in advance of a guest speaker for an afternoon or evening service?
The Treasurer
According to the text, who should pay existing bills from general funds?
The Church Treasurer
According to the text, who should all solicited and unsolicited funds be submitted to?
The Treasurer
According to the text, what is the role of the committee on finance in a congregation?
To manage the finance system for the congregation
What is one of the responsibilities of the committee on finance?
To submit budget to the Church Council for review and adoption
What is the role of the Treasurer in a congregation?
To disburse all funds to causes represented in the Church Budget
What is one of the general policies mentioned in the text?
There shall be an annual audit of the financial statements for all MUMC ministries and accounts
What is one of the 2012 Community Mission Goals mentioned in the text?
Donate X number of blankets to Life Styles for the Winter 2012-2013 Safe Nights program
What is one of the 2011 Financial Goals mentioned in the text?
Initiate fundraisers and direct the proceeds to rebuild the church savings account
Finance Committee and Board of Trustees Meeting Quiz: Test your knowledge on the frequency of joint meetings and emergency coordination of expenditures. Learn about the availability of Program/Activity/Finance Request Forms for church-sponsored activities.
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