Financial Charter

NORTHVIEW COMMUNITY CHURCH FINANCIAL CHARTER

Northview Community Church subscribes to a high standard of accountability and stewardship. This Charter outlines the Governance and Operations relating to the church's finances. Northview is a not-for-profit organization governed by a board of Elders. The Elders are elected/affirmed by the Congregational Members and are responsible for the management of all the affairs of the church. This is outworked through regular meetings of the board. Elders serve for a three year renewable term. The Lead Pastor and Administration Pastor attend Board Meetings.

The Church's financial records and systems are reviewed annually by KPMG Chartered Accountants. Strict internal controls are applied including: two cheque signatories are required for all payments; all payment requests must be properly authorized; the Lead Pastor is not a cheque signatory; and all offerings received must be counted by at least two people.

Each department works to a budget set by the Elders. The budget is approved by the Congregation at a Congregational Meeting at the beginning of each fiscal year. The Elders review the financial performance of each department against the budget monthly. All significant purchases are tendered for competitive pricing. The financial plans of Northview are prepared with a spirit of faith and careful planning. The financial statements are also approved by the Congregation at the Annual Congregational Meeting.