Palm Beach Baptist Church

Why visit us?

• We focus on life-change
  We value anointed teaching of the Bible, and believe that is what each person needs to make the positive changes God longs for them to make.
• We're in the heart of the county
  No matter where you live in the Palm Beach County, we're not too far from you. Directions.
• We're real
  From the music to the message we have a genuine passion for God, life and family.

Financial Integrity

Who formulates, authorizes, and monitors the church budget?

The finance committee approves the budget (which includes staff salaries), the church family authorizes the budget, and the audit committee monitors all financial activity to insure it is handled according to the budget.

• The Finance Committee consists of the pastor and deacons, as well as individuals who are spiritually mature and gifted in the area of finance.
• The Audit Committee consists of the select members of the Finance Committee and additional individuals to provide continuity with distinction between the two committees.

Do these committees work with any CPAs?

Yes, they work with three independent CPAs, each specializing in a different aspect of the church’s finances.

• CPA 1: handles payroll, IRS reports, and preparation of quarterly financial reports.
• CPA 2: handles daily payables, balances the checkbook, and monitors that all internal controls and financial best practices have been followed.
• CPA 3: works with Audit Committee and provides certified, annual audit.

How is money that is spent monitored so that it follows what the Finance Committee has recommended, and participating church members have authorized?

The Finance Committee meets regularly to review the complete financial picture of the church family (budget, accounts payable, cash on hand, etc.).
In addition the Audit Committee works directly with the auditing CPA. They have complete access to any church internal financial records. This system insures several eyes for accountability.

• Staff is accountable to a CPA and church family.
• CPAs are accountable to the other CPAs, staff, and church family.
• Finance and Audit committees are accountable to the church family.

A brief overview of your tithes and offerings

1. You give in a service, online, or by mail.
2. Money is immediately counted by two to three people*
3. Money is grouped by fund and deposited in bank**
4. Expenditures are made according to church budgetary guidelines and monitored by two CPAs.
5. Expenditures are regularly audited by an independent CPA, along with the church Financial Audit Committee

*Except online giving and giving by mail.
**Includes online giving and giving by mail, which is why this amount is higher than immediate account in step 2.

---