Financial Ministry

The Finance Ministry of St David’s Episcopal Church and School has responsibilities assigned by the Vestry in accordance with the Canons and Constitution of the Diocese of Virginia as well as those assigned by the Vestry of St David’s. The Finance Committee shall consist, ex officio, of the Treasurer, the Wardens, and the Rector. The Vestry will appoint from time to time additional members as required. 

 

Diocesan Assignments

A synopsis of the Treasurer’s responsibilities and by extension the Finance Committee’s responsibilities is shown below:   


  • Canon 11, Section 9. The Vestry shall elect a Senior and a Junior Warden, a Register and a Treasurer, who shall continue in office until their successors are elected and qualified. The Wardens shall be members of the Vestry.


  • CANON 12, Section 9. The Treasurer shall take charge of all funds except Communion Alms as provided for in General Convention Canon III.9.5.(b)(6), and disburse the same under the direction of the Vestry, maintaining his accounts in accordance with the canonical requirements for the conduct of business in Church affairs, rendering reports to the Vestry and to the Convention as may be required. At the end of his term of office, he shall deliver all books and records pertaining to his office to the Wardens.

 

St David’s Assignments – The Vestry has assigned to the Finance Committee the responsibility to

  1. Report on the financial wellbeing of the church divided into three cost centers, the Church, the Cemetery, and the School each month at the Vestry Meeting.
  2. Report annually to the Vestry and the congregation on the financial wellbeing of the church.
  3. Prepare the annual budget for the church and the cemetery and updates as required for Vestry approval.
  4. Review the annual budget of the School and prepare recommendations for Vestry approval. 
  5. Oversee the financial process and procedures, as necessary.
  6. Oversee the investments of the church. 
  7. Review the annual audit and provide recommendations for Vestry approval. 
  8. Other specific duties as tasked by the Vestry and or Wardens

 

Copies of the Treasurer’s Reports and supporting documentation for the most current 12 months are available below.

Questions can be directed to treasurer@sdlife.org, or finance@sdlife.org. 

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