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 - Facilitator
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