Alternative Audit Procedure Form.rtf

DIOCESE OF COLORADO ALTERNATIVE AUDIT PROCEDURE For use only by congregations of the Diocese of Colorado with Normal Operating Income of less than $250,000. Audit Year ____________ Auditor’s name (print clearly) ______________________________ Congregation ________________________________________ City ____________________________ If you are unable to answer yes to any question below, please explain why in the comments section. GENERAL REVIEW 1. Is audit report for previous year available? Yes___ See notes _____2. Have recommendations included in previous years' audits been implemented? Yes ___ See notes _____3. Are Vestry minutes for the year complete? Ye _____4. If a Finance or Investment Committee is authorized to expend or invest funds, are the minutes of such committee meetings complete? Yes ___ See notes _____5. Review the minutes of the Vestry and such Finance/Investment Committees. a) Was budget approved by the Vestry? Yes ___ See notes _____b) Was the clergy housing allowance voted prior to being paid? Yes ___ See notes _____c) Were large or unbudgeted expenditures approved? Yes ___ See notes _____d) Were large or unusual receipts noted? Could you trace to recorded receipts? Yes ___ See notes _____ 6. Are monthly financial reports to the Vestry complete? Yes ___ See notes _____ 7. Is balance sheet information prepared at least annually for the Vestry and congregation? Yes ___ See notes ...