The following message is from GCI president, Joseph Tkach
I am happy to report that Capin Crouse LLP, our external auditors, recently finished auditing GCI’s financial records for 2012 and 2013. They presented their findings to our Board of Directors on June 12. The report states the following:
In our opinion, the combined financial statements referred to above present fairly, in all material respects, the financial position of Grace Communion International and Affiliate in the United States of America as of December 31, 2013 and 2012, and the changes in their net assets and their cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
This statement means that the auditors have given us a “clean” or “unqualified” report, which is what we always strive for. During the presentation of the report, the auditors also share a “Letter to Management” outlining any suggestions that they may have for changes or improvements. The report did not make any suggestions for improvements. The presenting partner stated, “It is unusual to have a letter to management without any suggestions, because we always try to find something!” He complimented management on the Church’s financial systems.
As outlined in the Financial Management Manual, we ask that our congregations also do an annual internal financial review and an external review every three years. These reviews are vital, for they help insure that congregational finances are handled with proper care so that donors can feel comfort that their donations are used well in support of the gospel.
Any GCI member in the United States may obtain a copy of Capin Crouse’s audit report by sending their request to:Grace Communion International P.O. Box 5005 Glendora, CA 91740 Attention: Mat Morgan