IPHC Church Manual - Extension Loan Fund

Bylaws
Article I. Organizational Structure – General Level
2) Archives
(b) The CFO shall be responsible for
establishing and maintaining an
effective system of internal control in
consultation with the Executive
Committee and the Finance
Committee.
(c) In consultation with and subject to the
approval of the Executive Committee
and the Finance Committee, the CFO
shall develop an Accounting Policies
and Procedures Section to be included
in the Finance Committee Policies and
Procedures Manual adopted by the
Council of Bishops.
(d) The CFO shall be responsible for the
preparation and presentation of
financial statements in accordance
with GAAP. Further, he shall cooperate
fully with the external auditors in the
auditing of the financial statements.
(e) The CFO shall be responsible for the
preparation of monthly interim financial
statements and other reports, which
shall be provided to the Finance
Committee, the Council of Bishops,
and Global Ministry Center
departments.
(f) The CFO shall report any financial
irregularities or questionable
transactions to the General
Superintendent and the Finance
Committee Chairman.
3) Clergy Development
a) Clergy Development shall include the following
functions:
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