This is a reminder for all churches that 2014 audit reports are due on August 1st. The Report of the Annual Audit (also known as the Fund Balance Report) can be found by logging in to the Online Data Collection System and clicking the Annual Reports link. Download the Local Church Audit Guide for helpful information, such as recommended procedures and checklists. Also check out the FAQ document for local church audits.
The United Methodist Book of Discipline assigns the responsibility for the annual audit of financial records to the committee on finance. The committee “shall make provisions for an annual audit of the financial statements of the local church and all its organizations and accounts. The committee shall make a full and complete report to the annual charge conference” (258.4d).