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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