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Purpose

To establish the operating policies and procedures for First Parish Church concerning property, personnel, finance, budget, insurance and legal matters. To oversee the financial operations of the church’s ministry.

Responsibilities

  1. In conjunction with the Church Council, develops policies and procedures pertaining to personnel and salaries (with the Personnel Committee), ‘make or buy’ decisions, purchasing of goods and services, budgeting, investing funds and other fund raising, including short and long-term considerations. Develops policies and procedures for income and expenditures of First Parish Church funds.
  2. Reviews and develops action plans for resolving issues that involve the potential to exceed established budgets.
  3. Obtains legal and insurance services appropriate to minimizing risks to the corporation; negotiates terms of settlements. Acts for First Parish Church in the purchase, sale, and leasing of real estate, subject to the approval of the membership.
  4. Acts as a focus for resolving ad hoc problems or issues that may be outside the normal day-to-day operations.
  5. Oversees the timely preparation of the annual reports of all committees it oversees for review by the congregation at the annual meeting.
  6. Establishes employee salaries and benefits in conjunction with U.C.C. Conference and Personnel Committee recommendations, local market comparisons, and job performance.

Membership

There are at least five but no more than seven members of this Board. Individuals are nominated by the Nominating Committee and elected by the Parish membership at the annual meeting for a term of three years. Members may serve for two terms. In the event of a resignation, the Chuch Council selects a replacement until the next annual meeting.

The Assessors typically meet once a month, at predetermined times. A quorum of three is required; meetings have a prepared agenda, and minutes are taken. Often, members of other committees attend either at their request or by invitation.