Cash
A husband and wife have volunteered to be counters. It makes total sense for them to be on the same count team.
True or False.
You do NOT need to submit receipts when you make an expense reimbursement claim. Your word is gold. No backup is necessary.
True or False
The average cost to repair a parking lot is $50,000. True or False
False.
The average is actually $400,000. (And the average cost to repair a roof is $500,000! Those are 2 of the most common types of repairs we see.)
What can we do to take care of our property so that it lasts longer? Did you know that we have a thorough resource on how to upkeep our property?
A donor offers a Mass stipend. It should NOT be deposited in the parish bank account. It should go straight to the pastor or religious order.
True or False.
FALSE! Everything should be deposited to the parish's bank account, in full, immediately. The appropriate portion to the celebrant will be paid following the proper channels afterwards.
https://parishhandbook.archtoronto.org/Content/Spiritual%20Affairs/Guidelines%20and%20Protocols.htm
The bank statement should never be checked. It is 100% right, 100% of the time. The bank NEVER makes mistakes.
True or False.
The count team has had a long day. One of them will take the money home with her tonight so she can go straight to the bank in the morning to deposit it.
Acceptable or not?
NOT!
What would the count procedures on pg 21 of the Finance Council guidelines have to say about this?
The parish is its own kingdom. It should follow its own accounting rules. It should never be on the same page as anyone else in the diocese. There is no standard method of accounting. Anything goes!
True or False
Parishioners donated money in the candle box. It is perfectly reasonable to use that cash to pay for bills, give to the homeless, or to buy pizza for the youth group.
True or False
False
Your friend fixes the furnace for free. All he asks for is a tax receipt for his service. Can you give him one?
No, CRA does not allow tax receipts for services. HOWEVER: if your friend invoices you, you give them a cheque payment, and the friend later gives you a donation in the same amount as the cheque, then you can give them a tax receipt on that donation.
The finance council demands that you give yourself a $500 Christmas bonus. Do you?
No rectory would be complete without an espresso machine, 2 dishwashers (and a housekeeper), and a gold-covered remote control.
True or False