Local Board of Administration Property and Finance Duties and Powers

Property and Finance

(28) Adopt the annual budget and authorize all expenditures within the limits of the budget and any expenditures not provided for in the annual budget; to provide for annual audits of all funds (863).

(29) Recommend to the local church conference: the purchase or sale of property, the erection or remodeling of buildings, all mortgages or other indebtedness which encumbers the property and major items of equipment (655:11; 4700–4728).

(30) Implement all General Church and district plans which apply to the local church, and to see that the local church raises its assigned portion of the United Stewardship Fund.

(31) Open the doors of the local church to properly authorized representatives of the General Church, the educational institutions of the area and the district.

(32) Request approval from the district board of administration when making investment or distribution of funds received as an undesignated estate gift, property for sale, or other out-of-pattern contribution with value equal to or exceeding the total contributions for all purposes of the preceding year (1233:30).

(33) Present to the district board of administration for approval a plan for a day care and/or day school following authorization by the local church conference (655:17–18) or any plans for a significant change in mission, facilities, or finances of an established day care and/or day school (1233:32); to govern and direct a day care and/or day school when such has been properly approved (1233:32), or to govern while delegating the operation to a separate school committee; to elect the separate school committee and name its chair when thus delegating said operation; to submit an annual report to the district board of administration including organization, administration, and fiscal operations (655:17–18) for its approval.

(34) Establish treasuries, distinct and separate from that of a local church, to provide for the financial administration of day care centers, day schools, retirement homes, nursing homes, and such enterprises (655:17–18; 1233:32) and to adopt financial policies to assure adequate supervision and accountability.

(35) To seek advice from the district board of administration or from an investment committee authorized by the district board of administration when making investment or distribution of funds received as an undesignated estate gift, property for sale or other out-of-pattern contribution with value equal to or exceeding the total contributions for all purposes of the preceding year (cf. 1233:33).