Financial Matters

Description

The Committee for Financial Matters is i) to determine the means whereby the Assembly of Bishops and its activities will be financed; ii) to oversee fundraising and development; iii) to create a budget for the Assembly; iv) to catalog and compare the financial practices of the various jurisdictions, agencies, and organizations attached to the Assembly; and v) to study and develop standards related to financial operations and practices of the Assembly, jurisdictions, organizations, departments and other entities associated therewith.

Membership

Archbishop Michael (OCA) - Chairman
Metropolitan Antony (UOC) 

Committee Liaison

Protodeacon Peter Danilchick

Consultants

Matushka Mary Buletza
Steven Laduzinsky
William Marianes
Fr. John Troy Mashburn
Eric Name
Fr. Gregory Rubis
Fr. Aaron Warwick

Terms of Reference

What is to be accomplished

  • Determine the means whereby the Assembly of Bishops and its activities will be financed
  • Oversee fund-raising and development
  • Create a budget for the Assembly
  • Catalog and compare the financial practices of the various jurisdictions, agencies, and organizations attached to the Assembly.
  • Study and develop standards related to financial operations and practices of the Assembly, jurisdictions, organizations, departments and other entities associated with them.

 How it is to be accomplished

  • Determine at the outset, and update regularly, the timetable for accomplishment of the Committee's objectives; publish final results for the Assembly and Church at large
  • Liaise with other Assembly committees for input on their proposed programs/ activities; compile the various proposed programs/ activities of the Assembly, the administrative support required, and the expected program benefits
  • Develop a cost-effective organization to support these programs, maximizing use of existing people and organizations; determine the costs associated with each activity, and develop a financial and operating plan and proposed budget
  • Propose a development strategy and organization to raise needed budget funds, taking into account the need to have a well-defined fund-raising case (benefits vs. costs)
  • Construct a matrix of comparative characteristics for financial practices (e.g., accounting/ auditing/ stewardship practices, revenue sources, expense analysis)
  • Contact individuals within the jurisdictions who are responsible for financial/ operating/ program administration and request pertinent information
  • Complete the matrix to catalog and compare financial practices; review and confirm the matrix with the jurisdictions to ensure agreement upon the results

With whom it is to be accomplished

  • The Assembly committees responsible for proposed programs/ activities
  • The responsible parties within the jurisdictions and other organizations responsible for financial practices and fund-raising/ development activities