We just launched What Vestries Need to Know About Money For Individuals and For Groups.
The vestry of a church has many responsibilities, including making decisions on all financial and property matters. Every vestry member needs to know about the vestry’s responsibilities for the financial health and well-being of the church for which they are stewards.
Details about payroll, taxes, benefits, clergy and lay compensation, and budgeting all fall under the vestry’s duties. If you have ever served on a vestry, you may have been aware of some of these, but perhaps you weren’t aware of others. In this course, you will learn the important details about managing a church’s finances that fall to the vestry. You will also learn about how duties are divided between the vestry and the church financial staff or officers. For example, the vestry is responsible for setting payroll and benefits, but a financial staff person will actually process payroll. The vestry is responsible for making sure that payroll is paid properly and that income and expenses are compared to the budget, but a bookkeeper will be responsible for creating balance sheets.
Most importantly, you will learn that a church’s budget is a theological statement of a congregation’s ministry and mission priorities. It requires as much attention to detail and care as other aspects of a church community.
This course is ideal for any new vestry member, vestry members who want a refresher on finances, or anyone curious about how church finances work.