Impressive Church Audited Financial Statements

Hillside United Methodist Church Inc.

Church audited financial statements. GAAP stands for Generally Accepted Accounting Principles Internal audits Members of the church may form an audit committee to perform an inter-nal audit to determine the validity of the financial statements. Sample inter-nal audit guidelines for churches follow below. We have audited the accompanying financial statements of Chicago Church of Christ which comprise the statements of financial position as of December 31 2015 and 2014 and the related statements of activities cash flows and functional expenses for the years then ended and the related notes to the financial statements.

GOOD SHEPHERD UNITED METHODIST CHURCH NOTES TO FINANCIAL STATEMENTS JULY 31 2018 Page 7 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES cont. Posted January 29 2021. Trinitys ordinances are a set of definitions and processes that order and regulate the affairs of the Church to the end that with Gods grace it may prosper grow and endure in continuing the ministry of Jesus Christ and the doing of Gods work.

Page 2 of 13 Assets Cash and cash equivalents 716700 Investments. Statement of Financial Position Assets. The financial statements of the Church have been prepared on the modified cash basis of accounting which includes recording investments at fair market value and capitalizing property and equipment.

And other agencies that require audited financial statements. We have audited the accompanying financial statements of Flatirons Community Church which comprise the statements of financial position as of December 31 2019 and 2018 and the related statements of activities functional expenses and cash flows for the years then ended and the related notes to the financial statements. The accompanying notes to financial statements are an integral part of these statements.

We have audited the accompanying consolidated financial statements of First United Methodist Church of Fort Worth the Church which comprise the consolidated statements of financial position as of December 31 2018. Hillside United Methodist Church Inc. 3 The South Florida Church of Christ Inc.

The financial statements for the year ended May 31 2013 were audited by us and we expressed an unqualified opinion on them in our report dated September 3 2013 but we have not performed any auditing procedures since. According to accounting practices all organizations need to follow GAAP or the generally accepted accounting principles. A church financial statement is a report showing the financial health of the organization.