The Finance Team shall consist of at least three members and an elected chair. The elected chair is responsible for recruitment of team members as needed. This team supports the ministry of St. Paul by focusing on the area of Stewardship within this congregation. This team works to ensure that the financial procedures and records are in good order at St. Paul, budgeting is done, and financial responsibility is supported. This team is responsible for the following functional areas, including, but not limited to:
a. Budget development.
b. Oversight of Financial Secretary duties.
c. Annual review of staff compensation.
d. Oversight of insurance needs.
e. Oversight of expenditure accounting practices.
f. Oversight of the Annual Audit.