Financial Policy Updated

Financial Policy Updated

The ILC Council has approved changes to the financial policy.

  • Purchasing Authority for church staff amended to include music directors;
  • Committee reporting to council for purchases removed;
  • Church Investment Policy was clarified. Reference to the cemetery was removed;
  • Physical Asset inventory requirement was removed;
  • New Building Fund Checking Account was clarified to maintain $50,000 cash balance.

The updated policy can be found on the Printed Word page.

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