The biblical principles and constitutional requirements that direct church financial activity constitute the financial “policy” of the church and are outlined in this first section. Subsequent sections of the document outline our “Practices and Procedures” which are approved by the Elder Board and serve as direction to other church officers and staff. Constitutional Policies may be amended only as specified in the Constitution. Practices and Procedures may be amended by the Elder Board at their discretion, in communication with the relevant deacons and staff.
In recognition of God’s perfect provision of resources to His people to accomplish His purpose through them, it is the desire of Grace Bible Church to glorify God by managing the resources in accordance with principles revealed in His word.
The Constitution of Grace Bible Church includes the following requirements for the administration of church finances:
Authority for the administration of the financial resources of Grace Bible Church is the responsibility of the Elders except as prescribed in the Constitution or as noted herein. Certain other financial oversight has been delegated to specific staff and church ministries subject to appropriate parameters and accountability requirements as outlined below.
The Finance Team consists of a minimum of one Elder per campus selected by the Campus Elder Board. Additionally, the Church’s Directors of Operations, Director of Finance as well as each Campus Pastor shall serve as ex-officio members of the Finance Team. The Finance Team will evaluate the monthly reports and communicate their recommendations as necessary to the Elder Board. The roles and duties of the Finance Team are described herein.
The Director of Operations has the authority to administer the financial resources in accordance with the approved budget and supervises Financial Staff. Financial Staff shall be responsible for daily transactions and for maintaining the financial records. This includes, but is not limited to, payroll records, operating fund records, special projects records, facilities records, and Fellows records. Financial reports will be prepared every month and will be available for deacon and elder review.
The Board of Elders is responsible for review and final approval of the upcoming operating budget. This includes, but is not limited to, the facilities budget, the mission’s budget, ministries' budget, and the personnel budget. The Finance Team is responsible to review all budgets for appropriateness of spending level and availability of funds. The Director of Operations and Financial Staff are responsible for administration of the church budget with guidance from the Finance Team as specified herein.