This announcement is from GCI Treasurer Mathew Morgan.
I am happy to report that Capin Crouse LLP, our external auditors, recently finished auditing GCI’s financial records for 2014 and 2015. They presented their findings to our Board of Directors on June 16, 2016. 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, 2015 and 2014, and the changes in their net assets and their cash flows for the years then ended in accordance with accounting principles 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!” She complimented management on the Church’s financial systems.
As outlined in the GCI-USA Financial Management Manual, we ask that our chartered churches and chartered fellowship groups 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 donors feel comfort knowing that their donations are used well in support of the gospel.
Any GCI member in good standing 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