Free Church Finance Committee Meeting Minutes

Attendees:

• Brian Poole (Chairman)

• Margarette Townsend (Treasurer)

• [YOUR NAME] (Secretary)

• Anne Davis (Member)

• Michael Wilson (Member)

• Hannah Randall (Member)

• Trisha Andrews (Member)

Absent:

• Emily Moore (Member)

Opening:

The meeting was called to order at 6:00 PM by Chairman Brian Poole.

Approval of Previous Minutes:

The minutes from the previous meeting held on March 18, 2024, were approved as distributed.

Agenda Items:

1. Review of Financial Audit Report

   • Presenter: Margarette Townsend, Treasurer

   • Discussion:

     • Margarette Townsend presented the audit report, which covered the fiscal year 2051.

     • Key findings and recommendations were discussed, including discrepancies in donation records and suggestions for more stringent financial controls.

   • Decisions Made:

     • Agreed to implement new software for tracking donations.

     • Approved the formation of a subcommittee to oversee the implementation of audit recommendations.

   • Action Items:

     • Henry Young to procure software options by May 5, 2052

     • Anne Davis and Michael Wilson to serve on the subcommittee.

2. Past Financial Decisions Review

   • Presenter: [YOUR NAME], Secretary

   • Discussion:

     • Reviewed financial decisions made in the previous year, focusing on budget allocations for community outreach programs and building maintenance.

     • Examined the alignment of these expenditures with the church’s long-term financial strategy.

   • Decisions Made:

     • Confirmed the decisions were aligned with the church’s mission and financial health.

   • Action Items:

     • No immediate actions required; continue to monitor expenditures as per the established budget.

Financial Statement Overview:

• Prepared By: Margarette Townsend Treasurer

• Highlights:

  Category	Budgeted Amount	Spent Amount	Variance
  Community Outreach	$20,000	$19,800	$200 under
  Building Maintenance	$15,000	$15,200	$200 over
  General Administration	$10,000	$9,750	$250 under

Next Meeting:

Adjournment:

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