Financial Management

1. Budget Preparation and Monitoring:

   • Develop and manage the temple’s annual budget in collaboration with other temple leaders.
   • Monitor income and expenses to ensure that the temple operates within the approved budget.

2. Financial Planning:

   • Provide financial forecasts and projections to assist with long-term planning.
   • Advise on financial strategies and investment opportunities.

3. Record Keeping:

   • Maintain accurate and detailed financial records, including ledgers, invoices, receipts, and bank statements.
   • Ensure that all transactions are documented and recorded promptly.

Accounting and Reporting

4. Bookkeeping:

   • Oversee the temple’s bookkeeping activities, including tracking donations, expenses, and payroll.
   • Reconcile bank statements and financial accounts regularly.

5. Financial Reporting:

   • Prepare and present financial reports to the temple’s board or governing body, including income statements, balance sheets, and cash flow statements.
   • Provide regular updates on the temple’s financial status to the board and stakeholders.

6. Audit Coordination:

   • Coordinate with external auditors for annual audits and ensure that financial statements are prepared in accordance with accounting standards.
   • Address any issues or discrepancies identified during audits.

Cash and Asset Management

7. Cash Handling:

   • Oversee the handling and safekeeping of cash, including collections, donations, and other income.
   • Implement procedures for secure cash management and minimize risks of theft or mismanagement.

8. Asset Management:

   • Manage the temple’s assets, including property, equipment, and investments.
   • Ensure that assets are properly accounted for and maintained.

Donations and Fundraising

9. Donation Management:

   • Track and acknowledge donations, including preparing thank-you letters and receipts.
   • Maintain donor records and manage donor funds.

10. Fundraising Support:

    • Assist in planning and organizing fundraising events and campaigns.
    • Ensure that fundraising activities are properly documented and funds are handled according to established procedures.

Compliance and Governance

11. Regulatory Compliance:

    • Ensure that the temple complies with all relevant financial regulations, including tax laws and reporting requirements.
    • File necessary financial documents and forms with governmental agencies as required.

12. Policy Implementation:

    • Implement and enforce financial policies and procedures, including those related to spending, reimbursement, and financial controls.
    • Ensure adherence to policies by temple staff and volunteers.

Communication and Coordination

13. Financial Communication:

    • Communicate financial information clearly to the board, temple members, and other stakeholders.
    • Address any financial questions or concerns from the community.

14. Coordination with Other Departments:

    • Work closely with other temple departments, such as the administrative office and event planners, to ensure that financial aspects of operations are well-coordinated.

General Support

15. Financial Advising:

    • Provide financial advice and support to the temple’s board or management team.
    • Assist in strategic decision-making by providing financial insights and analysis.

16. Documentation:

    • Maintain and organize all financial documentation for easy retrieval and reference.
    • Ensure that records are stored securely and in compliance with legal requirements.