RECEIVING GIFTS
- offerings counted and deposited*
- gifts recorded to ledger
- general funds - loose and receipted
- designated funds - loose and receipted
- receipts balanced to ledger
- general
- designated
DISBURSING FUNDS
- bills paid as authorized
- by budget
- by specific instruction from church
- designated funds reconciled and disbursed as specified
- payroll
- CRA remittance (CP/EI/tax withheld)
REPORTING
- Revenue and Expense Statement (monthly)
- comprehensive and informative
- Designated Funds Statement (monthly)
- comprehensive and informative
- Bank Reconciliation (monthly)
- Official Donation Receipts (annually)
- totals balance to ledger
- prepared, signed and distributed
- T4's issued (annually by end of February)
- new T1223 Clergy Residence Deduction form completed (annually)
- Annual Return T3010a completed
- deadline for completion is 6 months after fiscal year end
