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Financial Auditing Policy

Financial Auditing Policy

Grace Fellowship Christian Reformed Church

Pella, Iowa


It is the responsibility of the Treasurer to ensure that the financial records of Grace Fellowship are audited on an annual basis. This responsibility can be completed by the Finance Team, a professional auditing company or by other competent individuals within the Grace Fellowship membership.

The audit will include but not be limited by the following:

1. The audit will include a review of the General fund, as well as all other accounts (checking, savings and certificates of deposit) used by Grace Fellowship CRC. 

2. An audit report will be completed and forwarded to the Council for their review by August 31 of each year.

3. The audit will include a review of individuals authorized to sign on the various accounts. Withdrawal privileges will be limited to members of Grace Fellowship. The Treasurer should be listed as an additional authorized signatory on all Grace Fellowships accounts.

4. The Treasurer will require each ministry (account) to provide an annual financial report by July 31 of each year. This report will be reviewed by the Finance Team and used in the auditing process. The Treasurer will have the responsibility for submitting annual reports to the Council.

Policy revision date: 06/03/19

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