2.4 Care for Material Resources
Foothills Unitarian commits to the faithful stewardship of its financial and material resources, ensuring they are used to further its mission, values, and long-term viability. The Board establishes the following policies to define accountability, boundaries, and necessary monitoring related to the financial health of the church.
2.4.1 Financial Accountability of the Senior Minister
The Senior Minister is accountable for the organization’s financial performance and condition. Th...
2.4.2 Budget Creation and Oversight
2.4.2.1 Operating Budget Each fiscal year, the Senior Minister shall propose an operating budget ...
2.4.3 Spending and Reserve Limits
2.4.3.1 Spending Authority The Senior Minister is responsible for all spending and account manage...
2.4.4 Contracts, Debt and Investments
2.4.4.1 Contracts The Senior Minister may delegate authority to staff to sign contracts up to $...
2.4.5 Fundraising
The Senior Minister must ensure fundraising activities occur to secure sufficient financial suppo...
2.4.6 Asset Protection and Insurance
The Senior Minister shall take all reasonable care to protect the church’s assets from loss, dama...
2.4.7 Fiscal Agency and Outside Fundraising
The Board must approve any arrangement in which Foothills serves as a fiscal agent or sponsor for...
2.4.8 Financial Transparency and Reporting
The Senior Minister will ensure that financial records are accurate, timely, and accessible to th...