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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>The Local Church Audit Guide prepared by GCFA says that “we
recommend that churches with annual receipts in excess of about $300,000 to
$400,000 seriously consider engaging an outside audit firm to perform an
audit. This is a recommendation and is not binding, but it seems to us to
be prudent stewardship since more complexity is involved as receipts and expenditures
become larger.”<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;color:navy'>Christine<o:p></o:p></span></font></p>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'> lcfinance-bounces@listserv.nccumc.org
[mailto:lcfinance-bounces@listserv.nccumc.org] <b><span style='font-weight:
bold'>On Behalf Of </span></b>Sheila Ahler<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, February 19, 2008
2:41 PM<br>
<b><span style='font-weight:bold'>To:</span></b> <st1:PersonName w:st="on"><st1:place
w:st="on"><st1:PlaceName w:st="on">Local</st1:PlaceName> <st1:PlaceType w:st="on">Church</st1:PlaceType></st1:place>
Finance Committee and <st1:PersonName w:st="on">Treasurer</st1:PersonName>s</st1:PersonName><br>
<b><span style='font-weight:bold'>Subject:</span></b> [LCFinance] {Disarmed}
RE: LCFinance Digest, Vol 4, Issue 2</span></font><font size=3
face="Times New Roman"><span style='font-size:12.0pt;font-family:"Times New Roman"'><o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Arial><span style='font-size:
10.0pt;color:black'>There is no set amount. We are almost at a $2 million
budget....am certain that is large enough to need a full-scope
audit. Generally, if you have debt, your lender may require an audit, but
otherwise no requirement other than just good sound business practice.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Arial><span style='font-size:
10.0pt;color:black'> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Arial><span style='font-size:
10.0pt;color:black'>Sheila<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Arial><span style='font-size:
10.0pt;color:black'><o:p> </o:p></span></font></p>
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<hr size=2 width="100%" align=center tabIndex=-1>
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<p class=MsoNormal style='margin-bottom:12.0pt'><b><font size=2 color=black
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma;color:black;
font-weight:bold'>From:</span></font></b><font size=2 color=black face=Tahoma><span
style='font-size:10.0pt;font-family:Tahoma;color:black'>
lcfinance-bounces@listserv.nccumc.org
[mailto:lcfinance-bounces@listserv.nccumc.org] <b><span style='font-weight:
bold'>On Behalf Of </span></b>LBHOBGOOD@aol.com<br>
<b><span style='font-weight:bold'>Sent:</span></b> Monday, February 18, 2008
7:00 PM<br>
<b><span style='font-weight:bold'>To:</span></b> lcfinance@listserv.nccumc.org<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [LCFinance] LCFinance
Digest, Vol 4, Issue 2</span></font><font size=2 color=black><span
style='font-size:10.0pt;color:black'><o:p></o:p></span></font></p>
<div>
<p class=MsoNormal><font size=2 color=black face=Arial id="role_document"><span
style='font-size:10.0pt;color:black'>Just curious, what is considered a
"large" church and would therefore need an audit or review?<o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=2 color=black face=Arial><span style='font-size:
10.0pt;color:black'> <o:p></o:p></span></font></p>
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<p class=MsoNormal><st1:City w:st="on"><st1:place w:st="on"><font size=2
color=black face=Arial><span style='font-size:10.0pt;color:black'>Lynn</span></font></st1:place></st1:City><font
size=2 color=black><span style='font-size:10.0pt;color:black'><o:p></o:p></span></font></p>
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<br>
<o:p></o:p></span></font></p>
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<p class=MsoNormal style='margin-top:7.5pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;color:black'>Delicious ideas to please
the pickiest eaters. <a
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