Jerry Keucher

In Part I of this article I shared that the financial well-being of the parish is one of the most important fiduciary responsibilities of the Vestry. Therefore, in order to understand the finances of the parish, financial reports need to be organized and presented in a way that is clear and easy to read. The first part of this article reviewed the Income and Expense Report, first looking at Sources of Operating Income. In Part II we will continue that by discussing Grouping Operating Expenses. Then we will discuss the Non-operating Income and Expense Reports, as well as the Four Important Questions Vestry Members Should Ask. In addition, you may wish to view the ECF webinar entitled “Fearless Finances”.