Prof. Dr. B. Vimal Sukumar / Diocesan Treasurer & Hon. Treasurer, Synod
The Responsibilities of a Diocesan Treasurer in the CSI Medak Diocese (Church of South India, Medak Diocese) may include:
Financial Management
Overseeing the financial affairs of the diocese, including budgeting, accounting, and financial planning.
Budgeting
Developing and maintaining an annual budget for the diocese in consultation with relevant departments and committees.
Financial Reporting
Preparing and presenting regular financial reports to the diocesan leadership, highlighting the financial health and performance of the diocese.
Funds Management
Managing the diocesan funds, investments, and assets in alignment with the diocese's financial policies and guidelines.
Income and Expenditure
Tracking and monitoring income from various sources (donations, grants, offerings) and ensuring proper allocation and utilization of funds for diocesan activities and programs.
Auditing and Compliance
Ensuring compliance with financial regulations, overseeing audits, and addressing any financial discrepancies or concerns.
Donor Relations
Building and maintaining positive relationships with donors and supporters, expressing gratitude for their contributions.
Financial Planning
Assisting in long-term financial planning and forecasting for the diocese's growth and sustainability.
Expense Approval
Reviewing and approving expenses, reimbursements, and financial transactions as per established guidelines.
Financial Policies
Developing and updating financial policies and procedures to ensure transparency, accountability, and ethical financial practices.
Collaboration
Collaborating with other diocesan leaders, committees, and departments to ensure financial support for various programs and initiatives.
Fundraising
Exploring and implementing fundraising initiatives to support diocesan projects and activities.
Stewardship Education
Educating clergy, staff, and congregations about financial stewardship and encouraging responsible financial practices.
Risk Management
Identifying and mitigating financial risks that could affect the diocese's financial stability and reputation.
Reporting to Synod
Providing financial reports and updates to the diocesan synod or governing body as required.
Professional Development
Staying updated with financial best practices, relevant regulations, and trends in nonprofit and religious financial management.