Finance & Personnel Team Purpose & Description
PURPOSE: To operate as a sub-committee of the elder body to oversee the financial and personnel matters of Grace Church.
RESPONSIBILITIES:
- Analyze financial data and monitor trends to assure compliance with budget restrictions.
- Make budget recommendations that support the Purpose-driven concepts of ministry.
- Review all requests for non-budgeted expenditures over $1,000, analyze impact, consider alternatives and make recommendations to the elders.
- Monitor expenditures to assure effective stewardship of church funds.
- Provide regular update reports to the elder.
- Provide periodic updates of financial condition to the congregation.
- Review employee benefits as necessary and recommend appropriate changes.
- Perform annual employee performance reviews and recommend appropriate salary changes.
- Assist in screening process for the acquisition of new employees.
CURRENT MEMBERS:
The Finance & Personnel Team will meet monthly, the third Wednesday of each month at 4:30 p.m. and as needed to fulfill the responsibilities defined above.