by Joanne
(Chicago)
I am treasurer of a 150 member church. We require 2 signatures on all checks. Because of this, it works well to have at least 4 signers (vacations, illness etc.).
Our current president is very ill so I asked if the board would approve our recently elected president-elect as a signer. She became agitated and said that an officer should never be a check signer as they decide how funds will be spent.
This didn't make much sense to me, all invoices are properly approved and I can't remember the president ever approving one. The board and congregation approve the budget. I talked to a reliable CPA and he saw no problem with this. I also reviewed a audit template from our national organization and found nothing indicating that this would be a problem. There is nothing in our By-Laws that would prevent the President from signing checks.
Any thoughts on this?
Comments for Check signers
|
||
|
||