Budget Development and Oversight Committee
The Budget Development and Oversight Committee prepares annual budget, recommends per capita, oversees current budget, and maintains three-year income projections. Meets 2nd Tuesday 3pm @ Presbytery Office.
Financial Matters
2011 IRS Mileage Rates
Beginning July 1, 2011, mileage rates for the use of a car are:
- 55½¢ per mile for business miles driven,
- 19¢ per mile for medical or moving purposes,
- 14¢ per mile driven in service of charitable organization
2012 Per Capita
| Presbytery | $16.85 |
| Synod | 3.95 |
| GA | 6.63 |
| Total | $27.43 |
Learn more about Per Capita in our Per Capita Primer.
Mission
Membership: 6
Purpose: The Budget Development and Oversight Committee is charged with engaging in good stewardship in the development and monitoring of the Presbytery’s budget. Its responsibilities include:
- In consultation with committee chairs and Trustees, preparing an annual operating budget for the Presbytery and presenting it to Council for information and to Presbytery for a first reading in September and a vote in November each year.
- In September, bringing to Presbytery for its approval a proposed Presbytery per capita assessment for the following year.
- Overseeing the current year’s budget and recommending changes as necessary to deal with any surplus/deficit situation that may arise.
- Maintaining a three-year income projection for planning purposes.
This committee shall establish and monitor the Presbytery’s annual budget through:
- Development and oversight of a yearly line item budget for Presbytery.
- Development of a budget-building process which incorporates input from committees of Presbytery. This includes educating and assisting committees in developing and implementing goal-directed budgets.
- Recommending an initial working budget and challenge budget to Presbytery in May, and recommending a final working budget for adoption in November. This shall be a balanced budget which reflects Presbytery’s mission priorities.
- Projecting future income and expenditures at least three years in advance, making these projections available to committees for their use in planning and to Presbytery for its use in the prioritization process.
- Recommending to Presbytery financial procedures for the receipt and expenditure of funds as related to the development and oversight of the working budget.
- Maintain computerization for the financial management of the Presbytery.
Documents
The Budget Development and Oversight Committee owns and maintains the following documents.
- Expense Voucher Updated 07/13/11
- Expense Voucher Updated 07/13/11
- Per Capita and Mission Remittance Master Forms Updated 01/26/12
- Per Capita and Mission Remittance Master Forms
- 2012 Per Capita New 10/19/2011
- 2011 Per Capita Schedule
- 2012 Mission Funding Form
- 2007 Independent Auditor’s Report
- Consolidated Financial Policies Updated 08/11/11