19 results for “funds”
...ecords for giving statements Protects against fraud, loss, and misallocation of funds Keeps all transactions within auditable systems  Important: Staff and ministry leaders should never request or accept funds throu...
Financial Whistleblowing & Misuse of Funds Crosspoint Church is committed to the highest standards of financial integrity, stewardship, and accountability. Every dollar entrusted to us is given for ministry, and we t...
...al office or ministry area, the campus or department budget must have available funds to cover the purchase. If budget availability is unclear, the Accountant should be contacted. For new furniture purchases under $1,000...
...approved vendor payment  Cash is not an approved payment method. Personal funds are not permitted unless the expense qualifies under the reimbursement policy. *Important: Personal funds are not an approved payment...
...ements Each campus must maintain a secure safe with a drop slot (drop lid). All funds should be deposited into the safe immediately upon receipt. The safe should not be opened for each individual deposit.  Cash Hand...
...reflects stewardship, protects staff, and maintains trust. Core Principles All funds received are to be handled with the highest level of care and security. Cash and checks must never be left unattended or unsecured. Pr...
...hat is a QCD? A Qualified Charitable Distribution (QCD) is a direct transfer of funds from an Individual Retirement Account (IRA) to a qualified nonprofit organization, such as Crosspoint Church. Who is eligible? Individ...
...ines (Tuition, Food, Trips (missions/youth), Bargain Box, Other Payments) All refunds must be issued in the same form of payment as originally received. No exceptions. Refunds will not be processed until funds have fully...
...d Offerings) To provide clear guidance on how Crosspoint handles requests for refunds related to tithes and offerings. Tithes and offerings are given as voluntary contributions to support the mission and ministry of Cros...
Restricted vs. Unrestricted Funds – Knowledge Article Understanding the difference between restricted and unrestricted funds is critical for proper stewardship, compliance, and financial reporting. Every dollar given mus...
...ndling of sales tax  Sales tax may apply to merchandise sales. Handling of Funds All payments must go through approved church systems No personal payment methods (Venmo, Cash App, etc.) All funds must be deposited i...
Tithes and Offerings – Loans and Check Cashing Tithes and offerings are sacred funds given to support the mission and ministry of Crosspoint and must be handled with the highest level of integrity and stewardship. Under...
Reimbursement (Use of Personal Funds) Reimbursement is intended for situations where personal funds are used to cover approved ministry or operational expenses on behalf of Crosspoint Church. The goal is to ensure timely...
...roved prior to reimbursement. This ensures: Accuracy of reporting Proper use of funds Accountability across campuses  Incomplete or unapproved submissions will not be processed. Payment Once submitted and approved,...
Central Benevolence Guidelines Purpose: Benevolence funds exist to serve people in our local communities who are facing hardship. This plan ensures those funds are actively used, consistently managed, and aligned across...
Stewardship of Unused Budget Funds At the end of each fiscal year, any unused budget funds across campuses are stewarded with intentionality and alignment to the overall mission of Crosspoint Church. 90% of all unspent f...
...hurch payment methods (church credit card or church check) may be used Personal funds may not be used for tax-exempt purchases under any circumstance  Purchases made with cash or personal funds are not eligible for...
...e tax-exempt status.  2. Private Benefit & Inurement Church resources (funds, assets, or property) may not be used for personal benefit. Staff and leaders cannot receive unreasonable compensation or perks. ...
...Lead Pastor and Director of Operations meet to review total available year-end funds and identify potential strategic initiatives. Tuesday, June 23 Directional Leadership Committee valuates year-end funding priorities a...