Department: FINANCES
According to the Shofar Constitution (section 23) Each Shofar congregation must have their own Quarterly Congregational Meetings every year, at which they need to give feedback regarding the local congregation’s finances at one of these meetings per...
22 June 2017
You will need: a cross border letter from the insurance (HQ finance team will help with this), as well as a cross border letter from the bank (only if vehicle is still under finance) the HQ finance team will also help with this, or otherwise a letter...
6 June 2017
By now you would have probably heard about Sharepoint, and as the Shofar HQ Finance team, we make use of it quite a lot This is because we can manage exactly who is allowed to see what, which you can imagine is quite important with something as confi...
22 March 2017
I want to purchase a new asset, what do I need to do? (Cash Purchase) You will need approval. Approval is based on the structure displayed below, as conveyed in the National Financial Policy. Approval Amounts Approver Up to the lowest of R20 000 (or...
8 March 2017
Which type of accounts, and with which banks, are allowed? Shofar uses Nedbank Business Banking (ABSA may be used if there is no Nedbank branch in town). The following current accounts are permitted for individual Shofar Family Churches: Main accoun...
8 March 2017
When does Shofar's financial year end each year? All Shofar Congregations end their financial year each year on 31 December. This does not include: Namibia Congregations, UK congregations and European congregations. Their financial year-end each year...
8 March 2017
May the church engage in business activities with church funds? No business or fundraising activities may be conducted by the congregation without specific approval by the National Finance Administrator. This is due to specific tax law limitations on...
8 March 2017
What type of investments or savings may I make with church funds? No investments or savings, other than deposits into the Shofar Investment, Shofar Fixed Deposit accounts or any of the bond accounts, may be made. How do I proceed to make an investmen...
8 March 2017
What is my responsibility as church relating to financial record keeping? Transactions should be promptly recorded in the financial records (Accountants at HQ). All expenses should be supported by valid documentation: Invoice/slip/contract. All docum...
8 March 2017
How can I employ a new staff member, or change an existing staff member's employment terms? All vacancies and new positions, or changes to a current position at Shofar congregations, must be communicated by the senior pastor or Office Manager to Shof...
8 March 2017