North Way Stewardship
Financial Stewardship
The pastors and Elders of North Way Christian Community believe that the proper stewardship of our church’s resources is one
of our most important responsibilities. As such, we give great care to insure we have established independent checks and
balances throughout the process.
North Way is a church governed by its Elders, a group of biblically qualified men called by God to lead this body. They
appoint the Elder’s Council, a subset of Elders with business and administrative gifts to manage North Way’s business
affairs. The current members of the Elder’s Council are Ron Brooks, Bill Callihan, Chuck Conway, Mike Dawson, Gary Matson,
Mac McCabe, and Jay Passavant. In addition to the Elders Council, North Way’s financial affairs are also overseen by a
group of member-ministers that comprise the church’s Finance Committee. This provides us with independent oversight at
several levels in our organization.
Next, though not required by law, we engage two independent outside organizations to review our financial operations.
North Way voluntarily submits all financial transactions to an independent Certified Public Accounting firm. The CPA
firm completes a full external financial audit of North Way each year in full accordance with generally accepted
auditing standards (GAAS). We have successfully passed every financial review each year since we initiated the practice
in 1988. In addition, we voluntarily make these audited financial statements available publicly, demonstrating our careful
stewardship and accountability with our congregation’s resources.
North Way also takes the unusual additional step of voluntarily submitting to the standards of accountability required to
become a member in good standing of the Evangelical Council for Financial Accountability (ECFA), the benchmark oversight
organization for stewardship excellence in the non-profit sector. North Way is one of less than 100 churches nationwide
that has met the ECFAs rigorous standards.
We have gone to great lengths to remain faithful and proactive in safeguarding North Way’s financial integrity through
careful stewardship and internal and external accountability. As we work to be good stewards, our partnership with you,
our church-family is crucial in our efforts to honor God with our use of all of God’s resources to bring Jesus to the
forefront of all we do. Thank you for your partnership, stewardship, and faithful giving!
The following documents can be printed out and either mailed in or dropped in the weekly
offering box.
Authorization for Bank or Electronic Fund Transfers
Authorization for Credit Card Fund Transfers
North Way’s United Way Code: 224954
North Way has established extensive financial accountability through a comprehensive approach that includes:
- Comprehensive Annual Independent External Financial Audits by a Certified Public Accounting Firm
- Compliance with the ECFA (Evangelical Council for Financial Accountability)
- Detailed Line Item Budgeting
- Published Financial Reporting
- Annual Reports and open Congregational Meetings
- Separation of Duties
- Financial Oversight Board
- Strict Compliance With IRS Regulations
ECFA Membership: ECFA membership requires strict compliance with their standards, including comprehensive screening prior to membership,
annual reviews, and field audits.
ECFA Standards include:
- Doctrinal Statement consistent with the Christian faith, and operations consistent with biblical truths and practices
- Board of Directors and Audit review functions
- Audited financial statements and financial and audit controls by independent certified public accounting firm using GAAS standards
- Resource use consistent with the purposes of organization
- Open Financial disclosure
- Avoidance of conflicts of interest
- Comprehensive fund-raising standards
- Annual External Audits
- Published Financial Reports
- Annual Reports and Congregational Meetings
- Budgeting and Spending Process Accountability
- Separation of Duties and Finance Committee Oversight