Finance Committee and Board of Trustees Meeting Quiz
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Questions and Answers

Who is the Finance Chair of Metropolitan United Methodist Church?

  • Rev. Darryl K. Mason Sr.
  • Pastor Diane Butler
  • Deborah Jordan (correct)
  • None of the above

    • Which section of the manual provides information on the General Policies?

  • Procedures (correct)
  • Committee Members, Roles, and Responsibilities
  • Mission Statement
  • The Work of The Treasurer

    • What is the purpose of the Benevolent Fund?

  • To support special offerings
  • To provide financial counseling
  • To finance church operations
  • To assist those in need (correct)

    • Where can the Annual BWC Finance Reports be found?

    <p>In the APPENDICES section (C)</p> Signup and view all the answers

    What is the purpose of the Commentary on Stewardship?

    <p>To offer insights on responsible financial management (D)</p> Signup and view all the answers

    Who is responsible for entering identified contributions into QuickBooks?

    <p>The Treasurer (C)</p> Signup and view all the answers

    Which committee(s) must approve purchases and services initiated by ministries and the Administrative Secretary?

    <p>Finance Committee (B)</p> Signup and view all the answers

    Who must approve major purchases and services?

    <p>Church Council (B)</p> Signup and view all the answers

    Where should completed forms for church sponsored activities be returned to?

    <p>Administrative Secretary (C)</p> Signup and view all the answers

    Who should funds raised in the name of the Church be deposited to?

    <p>Church bank account (B)</p> Signup and view all the answers

    Who should underwrite all costs relating to a sponsored activity?

    <p>Church Ministries (D)</p> Signup and view all the answers

    Who has the discretion to distribute funds to the needy?

    <p>Pastor (A)</p> Signup and view all the answers

    Which category includes education, evangelism, and worship?

    <p>Special Mission Projects (A)</p> Signup and view all the answers

    What does the category 'Operations' include?

    <p>All of the above (D)</p> Signup and view all the answers

    What does the category 'Capital expenditure' mainly focus on?

    <p>Major repairs, replacement, and development (B)</p> Signup and view all the answers

    Which category covers salaries and benefits?

    <p>Staff Support (B)</p> Signup and view all the answers

    What does the category 'Capital Funds' include?

    <p>Building Fund and debt retirement (B)</p> Signup and view all the answers

    Which category is associated with special Sunday offerings?

    <p>Special Mission Projects (A)</p> Signup and view all the answers

    According to the text, who is authorized to make approved cash disbursements?

    <p>The Treasurer or designee (C)</p> Signup and view all the answers

    According to the text, who should be an authorized signature/check signer?

    <p>The Financial Secretary (B)</p> Signup and view all the answers

    According to the text, what is the amount of the honorarium paid to guest ministers or speakers?

    <p>$150.00 (C)</p> Signup and view all the answers

    According to the text, who should ministries notify in advance of a guest speaker for an afternoon or evening service?

    <p>The Treasurer (A)</p> Signup and view all the answers

    According to the text, who should pay existing bills from general funds?

    <p>The Church Treasurer (D)</p> Signup and view all the answers

    According to the text, who should all solicited and unsolicited funds be submitted to?

    <p>The Treasurer (A)</p> Signup and view all the answers

    According to the text, what is the role of the committee on finance in a congregation?

    <p>To manage the finance system for the congregation (B)</p> Signup and view all the answers

    What is one of the responsibilities of the committee on finance?

    <p>To submit budget to the Church Council for review and adoption (B)</p> Signup and view all the answers

    What is the role of the Treasurer in a congregation?

    <p>To disburse all funds to causes represented in the Church Budget (D)</p> Signup and view all the answers

    What is one of the general policies mentioned in the text?

    <p>There shall be an annual audit of the financial statements for all MUMC ministries and accounts (A)</p> Signup and view all the answers

    What is one of the 2012 Community Mission Goals mentioned in the text?

    <p>Donate X number of blankets to Life Styles for the Winter 2012-2013 Safe Nights program (D)</p> Signup and view all the answers

    What is one of the 2011 Financial Goals mentioned in the text?

    <p>Initiate fundraisers and direct the proceeds to rebuild the church savings account (A)</p> Signup and view all the answers

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