Fiscal Year 3 Process 8 Funds 3 Reporting 8 Financial Statements 3 Annual Budgets 3 Expense Policy Internal Control System 3 Employee / Non-Employee Expenses 9 Financial Software 3 Accountable Reimbursement Plan 9 Church Credit Cards 9 Financial Principles Payroll 9 Parameters 4 Expense Payments 9 Equity 4 Budget 4 Business Policy Application 4 Insurance 10 Revenues 4 Regulatory Requirements 10 Expenses 4 Service Contracts 10 Assets 4 Selection of Vendors 10 Liabilities 4 Quote / Bid Requirements 10 Financial Institutions Bank Depositories 5 Endowment Account 5 Brokerage Account 5 Credit Union Account 5 Budget Format 6 Timeline 6 Authority 6 Unbudgeted Financial Activity 6 Accounting Revenues 7 Expenses 7 Appendices Journal Entries 7 A: Statement 11 Internal Cash Transfers 7 B: Budget Authority 12 Bank Reconciliations 7 C: Dedicated Accounts 13 Record Retention 7 D-1: Internal Control System Revenues 14 – D-2: Internal Control System Expenses 15 – E: Electronic Expenses 16 Audit and Review Purpose 8 INTRODUCTION
Fiscal Year 3 Funds 3 Financial Statements 3 Annual Budgets 3 Internal Control System 3 Financial Software 3 Financial Principles Parameters 4 Equity 4 Budget 4 Application 4 Revenues 4 Expenses 4 Assets 4 Liabilities 4 Financial Institutions Bank Depositories 5 Endowment Account 5 Brokerage Account 5 Credit Union Account 5 Budget Format 6 Timeline 6 Authority 6 Unbudgeted Financial Activity 6 Accounting Revenues 7 Expenses 7 Journal Entries 7 Internal Cash Transfers 7 Bank Reconciliations 7 Record Retention 7 Audit and Review Purpose 8 Process 8 Reporting 8 Expense Policy Employee / Non-Employee Expenses 9 Accountable Reimbursement Plan 9 Church Credit Cards 9 Payroll 9 Expense Payments 9 Business Policy Insurance 10 Regulatory Requirements 10 Service Contracts 10 Selection of Vendors 10 Quote / Bid Requirements 10 Appendices A: Statement 11 B: Budget Authority 12 C: Dedicated Accounts 13 D-1: Internal Control System – Revenues 14 D-2: Internal Control System – Expenses 15 E: Electronic Expenses 16 INTRODUCTION
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