The Financial Management Committee is composed of what was formerly the Finance Team and the Capital Assets Committee. Responsibilities for both of the former committee team will be carried out by the Financial Management Committee.
The Capital Assets Committee advises the Vision Accountability Board (VAB) regarding the stewardship and deployment of the Presbytery’s capital assets, including invested funds and real property owned directly by the Presbytery (but not including real property under the care of congregations).
Investments – The Capital Assets Committee in consultation with the Presbytery Accountant/Bookkeeper monitors, reports on and makes recommendations to the VAB regarding the stewardship and deployment of the presbytery’s invested funds and spending policy. Provides annual reports to the Finance Team, VAB and the presbytery. The Capital Assets Committee shall provide to the VAB, quarterly financial reports to show the overall financial position of the presbytery, including fund performance, real property valuations, etc.
Real Property – Advises the VAB regarding the stewardship, care and maintenance, use, insurance, security, sale of real property owned directly by the Presbytery (including Presbytery Center) (but not including real property under the care of congregations) and provides all necessary care of real property.
The Finance Team monitors presbytery expenditures and income. As part of the MLT and guided by the vision, strategies and goals as set forth by the Vision Accountability Board, develop the annual presbytery budget for adoption and recommendation by the VAB for approval by the presbytery.