Does it concern you that a group of 18 elected COG bishops can meet and sitting in a conference room commit over $100,000 of their Church’s money without any consultation of their congregation in church conference? Do you find that disturbing?
Discussion
20 comments
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Not enough information as usual.
And if it within the spending cap, no, I don’t see an issue at all.
Isn’t that what they were elected for?
Or is the leading of the Spirit thing letting you down now? -
They meet to approve expenditures in between assemblies. It is the general funds of the denomination. They are disbursing money from their local church treasures.
No, they are not there for that!
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It depends on what their local church minutes says that their capital expenditure limit is.
See Charles
That is why you need to be an active minister and member instead of trying to coach from the cheap seats. -
what is your limit to spend without congregational approval?
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My last church was $200
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None of your business.
It is for members in good standing, financial supporters, and attendees to determine to decide.Besides, I have money to spend that does not require approval.
It was given by me into an account for my ministry use and only requires mine and one other signature. (Notice I said given into the church by me, earmarked for my own ministry use). -
Was that account accountable to the IRS? It would appear it was for your private use! Appearance, appearance
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If it is for my private use in purchasing minister supplies and ministry reimbursement expenditures then yes to both, and it is legal as both.
Again, Charles
Are you coaching from the cheap seats?
I had a church financial and tax specializing attorney check it out and I am just fine.Appearance from the nosebleeds is distorted.
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no, not a specializing tax attorney, but an IRS tax auditor.
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good management says there should be one account with all money coming accountability from one account. we kept a miscellaneous fun $200 for day to day expenses. This fund was held by the church clerk. We were a small church and this fund was carried from month to month. You won’t find better management than that.
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David Lewayne Porter, It doesn’t concern you that 100,000 was given from local church funds to build a million dollar banking institution?
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Lol, old days Charles, old days.
All funds go into the main account then are redistributed to the ledger accounts or the money’s coming in are not truly 501c3 tax exempt.
Once they are in the ledger accounts they are as if their own funds. -
7 column ledger, general account disburses to other accounts.
Aka youth fund raiser paid to church memo youth. Money placed in general account then check from general written to youth acct and then money deposited into youth account.
The money can’t go straight into the youth account.
And even with a check, there must be an accompanying document like a giving envelope. -
No! U just don’t get it how the cog today functions.
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This is why money given to the General headquarters designated to your ministry may not go to you at all.
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No Charles
That will get a 501c3 status revolked.
General funds, general giving can be used as seen fit.
Designated giving must go as specified.
I give my (over and above the tithes and offerings) to a pastors fund.
As such only the pastor can control it.
Since it is in the church it is for ministry supply purchases and expense reimbursement. -
So was the group of 18 elected COG bishops selected to handle church money? If so then sounds right to me……
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