Mandate

• Provide fiscal and technical leadership and guidance in the areas of:

(i) budget preparation and financial reporting;

(ii) general fiscal management;

(iii) maintaining accounting records;

(iv) pledges, donations and other sources of revenue;

(v) statutory requirements governing employers, charities;

(vi) administrative policies and procedures; and

(vii) information technology.

• Maintain and improve the physical structure and facilities of Bloor Street United Church.

Activities and Responsibilities

• In cooperation with the Church Council and its standing committees, the Finance and Administration Committee is responsible for the development and presentation of budgets, and to present the consolidated budget to the Church Council and to the congregation for approval and the Finance Annual General Meeting.

• Supervise the maintenance of account records.

• Insure, where possible, that the accounting methods follow the accounting standards for not-for-profits established by GAAP (Generally Accepted Accounting Principles).

• Provide on a regular basis financial reports with analysis to all members of the Church Council and summary updates to members of the congregation.

• Coordinate the annual financial audit and presents the results to the congregation at the Finance Annual General Meeting.

• Seek approval of unbudgeted expenditures.

• Oversee general fiscal management.

• Provide leadership in the area of donations.

• Insure that Bloor Street United Church complies with all statutory requirements, and abides by the financial requirements of the United Church of Canada as outlined in the "Manual".

• Oversee the management of Bloor Street United Church’s sources of rental income including the main church building, Pidgeon House and the parking lot.

• Provide representation on task groups that require financial and/or administrative support and guidance.

• Review information technology currently in use and provide leadership and guidance for change where warranted and funding permits.

• Oversee the maintenance, repairs, general renovations and housekeeping of the church building.

• Ensure that both the church building and Pidgeon House and the use of the buildings and grounds comply with the applicable codes and regulations.

• Liaise with staff persons who act as on-site supervision for caretaking staff.

• Oversee and reviews policies regarding the property usage (rental structure and guidelines).

• Support the Administration team which supervises the caretaking staff.

• Liaise closely with other Bloor Street United Church committees that are closely linked to the use of the building.