Best practice funding-the_mission

Best Practices of Churches and Districts Presented by Mark R. Patrick, CPA District Treasurer North Florida District May 19, 2010

Who is the Local treasurer? ,[object Object],[object Object],[object Object],[object Object]

Local Treasurer’s Duties ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Who is the District Treasurer? ,[object Object],[object Object],[object Object],[object Object]

District Treasurer’s Duties ,[object Object],[object Object],[object Object],[object Object],[object Object]

What Is good governance in a church? ,[object Object],[object Object],[object Object],[object Object]

What Is good governance in a church? ,[object Object],[object Object],[object Object]

Definition of Internal Control ,[object Object],[object Object],[object Object],[object Object]

Definition of Internal Control ,[object Object]

Elements of Internal Control ,[object Object],[object Object],[object Object]

Elements of Internal Control ,[object Object],[object Object]

Components of Internal Control ,[object Object],[object Object],[object Object]

Components of Internal Control ,[object Object],[object Object],[object Object],[object Object]

Why does this concern us? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Fraud Theory Triangle Opportunity Rationalization Perceived Need Ability/Agility We Should Assume Everyone Will Commit Fraud!

Does your Church have Internal Controls? ,[object Object],[object Object],[object Object],[object Object],[object Object]

Tactics For Fraud Prevention ,[object Object],[object Object],[object Object],[object Object],[object Object]

Best Practices ,[object Object]

Church & Clergy Tax & Business Issues Presented by Mark R. Patrick, CPA District Treasurer North Florida District May 19, 2010

How do we handle payroll? ,[object Object],[object Object],[object Object],[object Object]

How do we handle payroll? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How do we handle payroll? ,[object Object],[object Object],[object Object],[object Object],[object Object]

How do we handle payroll? ,[object Object],[object Object],[object Object]

What about personally provided benefits? ,[object Object],[object Object]

Do you have UBTI in your church? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Do you have UBTI in your church? ,[object Object],[object Object],[object Object],[object Object],[object Object]

What qualifies as a charitable contribution? ,[object Object],[object Object],[object Object],[object Object]

What qualifies as a charitable contribution? ,[object Object],[object Object]

Your Church & the Hire Act ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What about insurance? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What about insurance? ,[object Object],[object Object],[object Object],[object Object]

Church & Clergy Issues ,[object Object]

Funding the Mission in the Church of the Nazarene It’s a Whole New Game for 2010

The Old System ,[object Object],[object Object],[object Object],[object Object]

Why Was It Changed? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The New Plan ,[object Object],[object Object],[object Object],[object Object]

Effect on Budget Recipients ,[object Object],[object Object],[object Object],[object Object]

The New Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Transition Rules ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How The Math Works $ 44.52 $ 49.77 $ 52.50 District Contribution 5.25% $ 21.20 $ 23.70 $ 25.00 Education Contribution 2.50% $ 16.96 $ 18.96 $ 20.00 Pensions & Benefits Contribution 2.00% $ 100.00 Mission Specials Contribution $ 51.98 $ 51.98 $ 55.00 WEF Contribution 5.50% $1,000.00 $ 1,000.00 $ 1,000.00 YTD Church Income 100.00% What It Could Be What It Really Is What You Would Expect Factor Percentage

Local Church Reports ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Reporting & Paying Online ,[object Object],[object Object],[object Object],[object Object],[object Object]

Individual Giving Online ,[object Object],[object Object],[object Object],[object Object]

District Payments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Where do denominational budgets go? ,[object Object],[object Object],[object Object]

Where does district money go? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Where does district money go? ,[object Object],[object Object],[object Object],[object Object],[object Object]

More help or questions? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Best practice funding-the_mission

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Editor's Notes