FINANCIAL CHARTER

Seven Hills Church subscribes to a high standard of accountability and stewardship. This Charter outlines the governance and operations relating to the church's finances. Seven Hills Church is a not-for-profit organization governed by a board of Elders/Directors. The Elders are responsible for the management of all the affairs of the church. This is outworked through regular meetings of the board. The office-bearers of the organization are the Senior Pastor as Chairman, Vice President, Treasurer and Secretary. The balance of the Eldership, being five (5) individuals, is made up of business leaders from within Seven Hills Church's congregation.
The Church's financial records and systems are audited regularly. Strict internal controls are applied including: Two check signatories are required for all payments; all payment requests must be authorized by the Department Head and either the Associate Pastor or Finance Manager; the Senior Pastors are not check signatories; and all money received must be counted by at least four people. Each department works to a budget set by the Elders at the beginning of each year. The Elders review the financial performance of each department against the budget monthly. All significant purchases are tendered for competitive pricing. The financial plans of Seven Hills Church are prepared with a spirit of faith and careful planning.