
The World Council for Minority Christians shall operate on a fiscal year beginning on January 1 and ending on December 31 of each calendar year. All funds and assets of the organization shall be managed and accounted for in a responsible and transparent manner.
FISCAL YEAR – JANUARY 01 to DECEMBER 31
All financial records shall be maintained in accordance with generally accepted accounting principles. An annual financial
report shall be provided to the Board of Directors and made available to the general membership.
The Executive Committee shall prepare an annual budget proposal to be reviewed and approved by the Board of Directors. The budget shall outline projected revenues and
expenses for the upcoming fiscal year.
The organization shall undergo an independent financial audit at least once every three years. Additional audits may be
conducted at the discretion of the Board of Directors.
Appropriate internal controls and segregation of duties shall be maintained to safeguard the organization’s assets and ensure the reliability of its financial reporting.
The Treasurer, in coordination with the Executive Committee, shall be responsible for the overall management of the organization’s finances, including the collection of dues, payment of expenses, and investment of surplus funds as directed by the Board of Directors. All significant financial transactions shall require the approval of the Treasurer and at least one additional authorized signatory.