Thus, the community is healthier and more trustful of itself as it is able to achieve a better balance of its vision. When there is a single vision and a single canvass, separate funds are an oxymoron. No obligation should be honored ahead of other obligations as a matter of routine policy. For example, the mortgage or loans a church has are fixed obligations. The same is true for the salaries of the staff.
Good reports make readily apparent how much each committee has received and spent.
Good reports show precisely the total church mortgage, the amount paid already, and the amount due to be paid yet this year. When church treasurers do not readily convey the information the leadership wants to see, there is a desire to isolate the funds of interest, and to ask for separate reports. That's the only way the untrained know to ask for the information and control they feel is needed. The job of the financial steward is to show a better way to achieve the desired objectives. The Taxable Income Corporation We are focusing on the notion that we have a single community entity and want to have the financial expression of that entity reflected in unified financial reports.