Review government filings and deadlines such as the annual T3010, remitting payroll – deductions, filing for GST rebates, and any other reports (eg., if your church is incorporated, other filings may be needed). including budgeting, cash handling, donation and cash Financial system overview – receipts ledgers, expenditure controls and ledgers, the general ledger, internal and external financial statements, etc. review agenda the treasurer is responsible for with the Board and at the Agendas – Annual General Meeting, including preparation lead time. Bank reconciliations and keeping them up-to-date. – “how-to” Backups review the computer backup system and frequency. – Records retention review – Policies review ones specifically relevant to the Treasurer (eg. Audit Committee, the – salary review process and have an awareness of all other church policies). minute copies for the past year and any other relevant historical Past minutes – information. Other items such as, but not limited to: – Restricted funds both externally and internally and the nature of the restrictions – (eg. bequests, donor restrictions, government funding) Investments (if applicable) what investments are held, for what purpose, term, – etc. Long-term commitments equipment and rental lease agreements, service – contracts, review at what dollar amount items are capitalized, rates of depreciation, etc. Things on the horizon are any legal or other issues either underway or that – might be coming up. Appendix C
Review government filings and deadlines – such as the annual T3010, remitting payroll deductions, filing for GST rebates, and any other reports (eg., if your church is incorporated, other filings may be needed). Financial system overview – including budgeting, cash handling, donation and cash receipts ledgers, expenditure controls and ledgers, the general ledger, internal and external financial statements, etc. Agendas – review agenda the treasurer is responsible for with the Board and at the Annual General Meeting, including preparation lead time. Bank reconciliations – “how-to” and keeping them up-to-date. Backups – review the computer backup system and frequency. Records retention – review Policies – review ones specifically relevant to the Treasurer (eg. Audit Committee, the salary review process and have an awareness of all other church policies). Past minutes – minute copies for the past year and any other relevant historical information. Other items – such as, but not limited to: Restricted funds – both externally and internally and the nature of the restrictions (eg. bequests, donor restrictions, government funding) Investments (if applicable) – what investments are held, for what purpose, term, etc. Long-term commitments – equipment and rental lease agreements, service contracts, review at what dollar amount items are capitalized, rates of depreciation, etc. Things on the horizon – are any legal or other issues either underway or that might be coming up. Appendix C