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Reflects on the metrics at play in the life of the Presbytery |
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Acts as resource to congregational Treasurers and Finance Teams/Boards of Managers within the Presbytery |
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The Property and Finance Committee provides oversight over the finances and property of the Presbytery (held in trust by the congregations), and make recommendations to Presbytery, as per the Terms of Reference: |
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* Establish the annual budget of Presbytery in consultation with the Treasurer |
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* Provide Financial Updates in consultation with the Treasurer |
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* Grants and Loans from the Development and Other Funds |
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* Requests for funding (in consultation with the specific committees of Presbytery) |
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* Recommend approval of Congregation loans (third party, including lines of Credit) |
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* Will liaise with Congregational Response Team regarding supports to congregations in financial difficulty |
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* Will liaise with Congregational Response Team on the Disposition of Property |
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* Improvement to Property (greater than $100,000 or 33% of a congregation’s annual revenue) |
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* Use of Property (All Leases, and any rental greater than 1 year) |
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* Review of existing loans to Mission and Extension Charges |
