Church Treasurer Job Description - Episcopal Church
Church Treasurer Job Description
Position: Church Treasurer
Purpose: Manage the financial activities of the congregation including income and revenue, expenses and disbursements, payroll, assets and investments.
Selection: Elected annually by the Vestry with a maximum five-year term.
Responsibilities and Duties
General
●Be knowledgeable or obtain knowledge about church finance and accountability.
●Oversee and account for assets and liabilities, according to decisions of the congregation, vestry, and diocese in a reasonable, ethical, and legal manner.
Weekly/Semi-Monthly
●Train and supervise tellers in the collection, counting, and deposit of contributions and fundraising activities.
●Make timely payment of ordinary operating expenses, including payroll. For non-operating expenditures obtain permission or approval of the appropriate authority.
●Post transactions to the church ledger.
●Provide a weekly report on income/expenses for inclusion in church bulletin.
Monthly
●Attend vestry meetings
●Reconcile bank accounts statements to church ledger.
●Maintain records of all income, revenue, receipts, expenses, disbursements, assets and liabilities.
●Provide financial reports to the vestry on operating funds, non-operating funds, and cash balances/investments.
●Provide a summary of financial reports for newsletter.
Quarterly
●Provide a statement giving contributors a report of their contributions/pledges.
●Forward quarterly tax withholding collections and reporting to the IRS and MD State Comptroller.
Annually
●Arrange for an audit/ review of financial records.
●Assist with the financial planning including preparation of the annual budget.
●Prepare financial sections of the annual Parochial Report.
●Ensure year tax information is prepared and issued including 1099-Misc and W-2 forms.
●Provide and present financial report at the Annual Meeting.
●Report clergy compensation to the Church Pension Fund.
●Meet with the finance committee as necessary to review activities and recommendations for the next year’s budget.
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