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IPHC Church Manual - Extension Loan Fund

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Bylaws<br />

Article I. Organizational Structure – General Level<br />

a) Administrative Services includes the following<br />

functional areas:<br />

(1) Accounting Services<br />

(2) Human Resources<br />

(3) Network Services<br />

(4) Operations Management<br />

b) Administrative Services shall be directed by the<br />

Chief Financial Officer (CFO)<br />

(1) The CFO shall be recommended by the<br />

Executive Committee and the Finance<br />

Committee and approved by the Council of<br />

Bishops. The CFO can be terminated only<br />

with the approval of the Council of Bishops.<br />

(2) The CFO shall be primarily amenable to<br />

the Executive Committee and secondarily<br />

amenable to the Council of Bishops<br />

through the Finance Committee of the<br />

Council of Bishops. Accordingly, he shall<br />

report at each regular meeting of the<br />

Finance Committee.<br />

(3) The job description of the CFO shall be<br />

developed by the Executive Committee in<br />

consultation with the Chairman of the<br />

Finance Committee and shall be approved<br />

by the Finance Committee.<br />

Notwithstanding the duties listed in the job<br />

description, the CFO shall have the<br />

following authority and duties:<br />

(a) The CFO shall be responsible for<br />

seeing that all financial transactions<br />

are properly recorded in accordance<br />

with generally accepted accounting<br />

principles (GAAP) and all applicable<br />

federal and state laws.<br />

98

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