The Finance Committee shall oversee the financial operations and procedures for the Church, including the collection, counting, disbursement, depositing and investing of all funds, and the preparation and presentation of the Annual Ministry Plan to the Vestry for its approval. 

The duties of the Committee shall involve investigating ordinary budgeted and non-budgeted expenses, income from pledges, grants, other donations and building rentals.

All committees and organizations handling church funds (dues, fundraisers, donations, etcetera) shall report to the Finance Committee upon its request.

The Committee shall:

1. Evaluate and continually monitor the counting and recording processes for Pledges and Offerings, Rental Income, and Receipt of all funds submitted to the Church.
2. Critically examine our bookkeeping structure, and recommend ways to enhance and improve where necessary.
3. Draft and prepare an Annual Ministry Plan (Budget), for presentation to the Vestry at its regular meeting in November, and for approval at the December meeting.
4. Devise ways and means of operating the Church’s finances on a sound fiscal basis, meeting regularly to critically examine and update the Ministry Plan.
5. Make recommendations to the Vestry concerning all present and future disbursement of funds on the behalf of the Church.
6. Complete a quarterly evaluation with respect to the transfer of funds, where possible, from the Checking Account to the Savings Account.
7. At least semi-annually, review and recommend to the Vestry, adjustments to all Ecclesiastical donations, charges and rental for the use of the Parish House, Golden Hall, the Sanctuary, and the 329 Hawthorne Street Property.  
8. In consultation with the Treasurer, review the performance of the Church’s investments at least quarterly in accordance with the Church’s investment policy.
9. Develop guidelines for the operations and management of the finances of all ministries and groups bearing the church’s name.
10. Engage an independent Certified Public Accountant to audit the books and records of the Church annually, after the close of each year’s fiscal business, or more frequently, if authorized by the Vestry.