Board of Directors

Planning guide for church earthquake preparedness.

Policy of the Board of Directors regarding Construction by Mission Congregations.

Policy of the Board of Directors regarding Distribution of Unrestricted Gifts and Bequests.

Topics for priest in charge of congregation to address in interview with Canon to the Ordinary

Annual congregation income and expenses for mission development loan

Congregational assets and liabilities for mission funding loans

Loan Application from the Board of Directors for Mission Development Funds

Outline of loan request procedure for congregations

Diocese of Olympia Board of Directors Motion for Loan Application

Board of Director's policy on mission bank accounts, legal agreements and securities transactions

Review procedure for assessing under-performing loans to congregations

Diocese of Olympia policy for closing a church

The following guidelines, objectives and restrictions have been recommended by the INVESTMENT COMMITTEE to establish parameters for the investment management of the THE JAMES F. HODGES DIOCESAN INVESTMENT FUND.

A Statement on Fossil Fuel Divestment

This policy governs all endowment funds, term endowments and permanent funds owned by the Diocese of Olympia, Inc., excluding funds held by its mission congregations or by other Diocesan organizations.

Procedure for Documentation of Sale or Other Disposable of Moveable Assets by Missions of Diocesan Organizations.

rocedure for Documentation of
Sale or Other Disposal of Movable Assets
by Missions or Diocesan Organizations
rocedure for Documentation of
Sale or Other Disposal of Movable Assets
by Missions or Diocesan Organizations

The Canons and Constitution of the Diocese of Olympia describe various approvals required for certain financial transactions in congregations, including property transactions (buying, selling, remodeling, etc.), and loans (from the Diocese or from a bank).  The Diocese has had a policy in place for many years that describe these transactions and the required approvals (from the Board of Directors and/or the Standing Committee).  That policy was called the “Congregational Authority to Act”.

Over the last 18 months, the Board of Directors and the Standing Committee have been revising this policy. The new policy is called the “Guide to Congregational Financial Transactions”.  There were two primary reasons for rewriting this policy. 

First, the old policy was hard to read. The requirements for parishes and missions are different, and the old policy made it hard to see those differences.  The new policy separates out transactions that parishes and missions do.

Second, the Joint Finance Panel (JFP), which has existed for ten years, has taken on a new role. JFP is made up of members from the four governing bodies (Diocesan Council, Standing Committee, Board of Directors, and the Office of the Bishop).  Because JFP can bring to bear information from all four governing bodies, it is now one of the first steps in the process of getting approval for any of these financial transactions. JFP reviews the request and makes a recommendation to the Standing Committee and/or the Board of Directors (depending on the request and whether it is from a parish or a mission). The new policy makes it clear when requests must be referred to JFP.

Any parish or mission wishing to engage in any financial transaction should consult this Guide to find out what approvals are required and the steps to take to get those approvals.

 

Amended bylaws of the Diocese of Olympia