Accounting and Accountability
From YWAMKnowledgeBase
 Candidate for deletionThis page is not really a YWAMKnowledgeBase-Article (too short?). The content should be merged (perhaps with a parent page?). Merge into Spending levels and limits for financial accountability |
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Select a trustworthy person from among the school staff to oversee finances and the ingathering and distribution of funds. It is very important, for wisdom’s sake, that this individual not be the school leader! The person who holds the funds should never have the authority to make decisions in isolation as to how they are used! The ideal is for decisions to be made in the context of a leadership team. But if for some reason the leader must make a decision alone, at least there is accountability in having to pass this decision by the accountant to get to the funds. This is not a matter of mistrust; it is a matter of wisdom so that no one person has control over the finances and
our “good cannot be evil spoken of” according to Romans 14:16 
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It is also important that clear records be kept of income and its origin and payments and their destination. Funds that are designated for specific purposes should be held in sacred trust for that purpose. No individuals (especially the accountant!), other schools or departments should borrow from school funds. (This would be true except under unusual circumstances where the basic school expenses are already covered and a responsible, corporate school leadership decision may be made to loan or give finances from the overflow.) Income from student fees should be used to cover student food and housing as the first priority, and secondly go toward the other expenses of the school.
It is of utmost importance that we are responsible and absolutely righteous when it comes to the area of finances.
(From: Principles Made Practical, (c) 2001 Dawn E. Gauslin.)
