BP4
As of April 15, 2014
BP3.3
Long-Term Reserves The senior pastor shall not use any long-term reserves unless the use is consistent with the long range plan.
BP3.4
Inter-fund Shifting The senior pastor shall not conduct inter-fund shifting without the approval of the Executive Council.
BP3.5
Payroll and Debt Settlement The senior pastor shall not fail to settle payroll and debts in a timely manner.
BP3.6
Government Payments and Filings The senior pastor shall not allow tax payments or other governmentordered payments or filings to be overdue or inaccurately filed.
BP3.7
Purchase Cap The senior pastor shall not make a single, unbudgeted purchase of greater than 1% of the annual budget in the General Fund and shall not exceed the available unencumbered funds in any other fund.
BP3.8
Real Property The senior pastor shall not acquire, encumber, or dispose of real property in a manner that is inconsistent with church bylaws.
Asset Protection The senior pastor shall not allow the assets to be unprotected, inadequately maintained, or unnecessarily risked. BP4.1
Insurance The senior pastor shall not fail to insure against theft and casualty losses to at least 80 percent of replacement value and against liability losses to Executive Council members, staff, and the church itself in an amount less than $6,000,000.
BP4.2
Insurance for Financial Improprieties The senior pastor shall not allow financial operations without a reasonable level of insurance coverage to protect against employee and volunteer misconduct.
BP4.3
Facilities and Equipment The senior pastor shall not subject facilities and equipment to improper wear and tear or insufficient maintenance.
BP4.4
Liability The senior pastor shall not unnecessarily expose the organization, the Executive Council, or its staff to claims of liability. 3