It has been a flurry of activity these last few weeks at National City Christian Church. Not only have we journeyed through Lent capped by a wonderful Easter celebration, but I've been focusing all of my time assisting auditors to complete the audit of the National City Christian Church Foundation for the board meeting held on April 25.
Why an audit? Simply stated, our by-laws require an audit of the Foundation. In addition, it is a way for us to report to the Board Members, you, potential donors, and the entire Christian Church (Disciples of Christ) our financial position in any given year.
What happens during an audit? The outside auditing firm examines our financial statements and looks at samples of transactions which occurred during the past year. The auditors assure that our transactions have been recorded correctly and will recommend any entries which need to be changed.
What are the results of the audit? The auditors express an opinion regarding how fairly we have state our financial statements. While there are different types of opinions, the best opinion to receive is that our statements are fairly represented. In other words this is called a "clean" audit.
In light of the circumstances of the last year how will we fare? The audit has been particularly challenging this year as the auditors are examining us with a fine-toothed comb. All of this is very good. As of the publication of the newsletter, I do not know the opinion they will give, but I'm confident that we are back on track. One of the most helpful tools the auditors will provide is a management letter indicating areas where we can improve our reporting and internal controls.
Thank you for your continued prayers and support as I traverse this new path of my ministry with you. The next time you see me, I will have said goodbye to the auditors...until next year (Thanks be to God!).
Steven Moore
Thursday, May 28, 2009
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