Procedures 8 Disbursements 8 1 Replenishment 8 8 2 8 2 & 8 2 9 HR PPH] 2 Establishing New Checking Accounts 9 Checking Account Signatories 9 IS PPH] 3 Designation of Authorized Check Signatures 9 3 Check Signer Responsibilities 9 9 3 10 3 10 4 10 & 4 10 (ECFA) 4 10 4 10 4 11 5 & 11 5 IS 11 5 • & 11 5 • 5 11 • • & 12 5 & 8282/ 8283 12 13 A & 13 5 13 & 5 13 5 13 5 & 13 5 13 5 13 5 13 6 14 6 14 Timeliness 6 14 Required Reports 6 15 Functional Allocation 6 15 Distribution 6 15 6 & 15 Payroll Tax 6 15 Unrelated Business Income Tax (UBI) 7 Property & Facility Use Fees 15 Property Tax 7 Events (Weddings, Funerals, etc) 15 Sales/Use Tax 7 16 7 16 Ministries Under $500,000 7 Check-Processing Schedule 16 Ministries Between $500,000 & $1,500,000 7 Vendor Form W9’s 16 Ministries Between $1,500,00 & $3,000,000 7 Vendor-Specified Terms 16 Ministries Over $3,000,000 8 Required Documentation 16 8 16 Ministerial Compensation Issues 16 8 Pay Periods 17 Petty Cash Balance 8
1 2 2 2 HR PPH] 2 IS PPH] 3 3 3 3 4 & 4 (ECFA) 4 4 4 5 5 • 5 • 5 • 5 • 5 5 & 5 5 5 5 5 5 6 6 Timeliness 6 Required Reports 6 Functional Allocation 6 Distribution 6 6 Payroll Tax 6 Unrelated Business Income Tax (UBI) 7 Property Tax 7 Sales/Use Tax 7 7 Ministries Under $500,000 7 Ministries Between $500,000 & $1,500,000 7 Ministries Between $1,500,00 & $3,000,000 7 Ministries Over $3,000,000 8 8 8 Petty Cash Balance 8 Procedures 8 Disbursements 8 Replenishment 8 8 8 & 8 9 Establishing New Checking Accounts 9 Checking Account Signatories 9 Designation of Authorized Check Signatures 9 Check Signer Responsibilities 9 9 10 10 10 10 10 10 11 & 11 11 & 11 11 & 12 & 8282/ 8283 12 13 & 13 13 13 13 & 13 13 13 13 14 14 14 15 15 15 & 15 15 Property & Facility Use Fees 15 Events (Weddings, Funerals, etc) 15 16 16 Check-Processing Schedule 16 Vendor Form W9’s 16 Vendor-Specified Terms 16 Required Documentation 16 16 Ministerial Compensation Issues 16 Pay Periods 17 IS A
Financial_Management_Policy_from_ECFA.docx