Prof. Dr. B. Vimal Sukumar / Finance Board
Finance Board Convener Responsibilities:
Financial management and decision-making within the context of the church or diocese.
Financial Planning
Collaborate with other members of the finance board to create and implement short-term and long-term financial plans that align with the diocese's mission and goals.
Budgeting
Prepare and oversee the annual budgeting process, working closely with various departments and committees to ensure accurate allocation of funds and adherence to financial guidelines.
Financial Reporting
Provide regular financial reports to the diocese leadership, including income statements, balance sheets, and cash flow statements, to ensure transparency and accountability.
Investment Management
Oversee the management and growth of the diocese's investments, ensuring responsible and ethical investment practices.
Fundraising and Donor Relations
Develop strategies for fundraising and donor engagement, working to secure financial support for the diocese's programs and initiatives.
Risk Management
Identify potential financial risks and implement strategies to mitigate them, safeguarding the diocese's financial health.
Policy Development
Contribute to the development and review of financial policies and procedures to ensure compliance with legal and regulatory requirements.
Collaboration
Work closely with clergy members, administrative staff, and other relevant stakeholders to ensure effective communication and coordination of financial matters.
Stewardship Education
Promote financial stewardship and educate members of the diocese about responsible financial practices and the importance of contributing to the church's financial well-being.
Audit and Compliance
Coordinate financial audits and reviews as necessary, ensuring accurate and timely reporting to external parties and regulatory bodies.
Strategic Planning
Participate in strategic planning discussions to align financial decisions with the overall direction and growth of the diocese.
Conflict Resolution
Address financial conflicts and disputes, striving to find equitable and mutually beneficial solutions.