Audit Committee

The UUCR Audit Committee consists of two UUCR members elected at the annual congregation meeting.  Each year one new Audit Committee member is elected for a two- year period. This allows for an overlap of the auditors and continuity from year to year.

The annual audit is conducted after the close of the fiscal year (the fiscal year runs from July 1^st to June 30^th of the following year).  The audit consists of the following:

·     A review of the financial figures as determined by examining the financial records kept for the previous year by the Treasure.  This includes the day-to-day expenditures in the checking account and a review of the savings and Money Market accounts. A comparison of the balances is made with the actual account balance in the bank.  Any discrepancies are investigated and documented.

·     A complete review is made of the line item budget comparing the budgeted amount to the actual expenditures.

·     A random examination of one month’s entries is reviewed for accuracy and compliance with good accounting practices.

·     An overall examination is made of the financial books and procedures to insure that the by-laws of the church are being adhered to.

A full, written, comprehensive report is made to the UUCR Board within 30 days of completion of the audit.  The report covers the financial aspects of the audit and any recommendations that the Audit Committee deems appropriate.
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