FINANCE DEPARTMENT
Definition of the word finance:
In accordance with our context, finance is that administrative area or set of administrative functions in the Diocese which relates with the arrangement of cash and credit so that the Diocese gets the means of carrying out its objectives as satisfactorily as possible. We also say that finance is the application of economic principles to decision-making that involves the allocation of money under conditions of uncertainty.
Finance is one of the major pillars of our Diocese. A finance department has a broad range of roles to carry out within or outside the Diocese. Keeping a close watch on the financing function is very important for the smooth operation of the Diocese.
What is Diocesan Finance Department?
Finance Department is one of many organs of our Diocese that is responsible for managing funds within the Diocese and planning for the expenditure of funds. It ensures efficient financial management and financial control necessary to support all Diocesan activities.
Roles and Responsibilities of a Finance Department
Bookkeeping
Management of Diocese’s cash flow
Budgets and forecasting
Management of Diocese’s Investments
Financial Reporting and analysis
Assist Diocesan management team in making key strategic decisions
Sources of Income:
Tithe from church workers and other Christians
Service collection from Christians
Church Central Fund (CCF):- This comes from diocesan parishes. It helps to execute all diocesan activities including paying salaries of priests and other church employees.
Well-wishers:- individual donors/organizations. If you want to donate for our Diocese please do not hesitate to contact us on bishopgeorgemara2016@gmail.com
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