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                              TO:  Interested Churches                                                                               FROM: Jim Bramer, Retired CPA-Auditor
                                                                                                                                                             FILE: 5128-77/chu 

                               RE:  Grade Report re Church Fiscal Matters,  Sample of                       Originated:  April 2001

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           We suggest that during your annual session with the Auditor that each one in attendance independently fill out the following grade report -- be sure everyone understands the terms used.  Any poor grades via the Auditor need to be clear to all at this meeting.

	- - - - S U B J E C T- - - -				Strong	OK	Weak
	Fiscal Overview:
A>	Apparent fiscal stability				______	______	______
B>	Debt management				______	______	______
	Board/Governing Matters
C>	Board is properly fulfilling its
		responsibilities re finances			______	______	______
D>	Current/articulated and understood
		Finance Policies			______	______	_______
E>	A functioning Board non-staff
		Treasurer			______	______	______
F>	A properly functioning Board
		Finance Committee (FinCom)			______	______	______
G>	Church does financial planning and
		projections.			______	______	______
H>	Overall protection of Church's
		tangible assets-Insurance Issues.			______	______	______
	Reporting and Management
I>	Adequacy of financial reporting
		including actual to budget
		reporting system.			______	______	______
J>	Overall management of accounting
		system.			______	______	______
K>	Adequacy of restricted funds
		accounting and reporting			______	______	______
L>	Adequacy re use of computer
		for finances.			_______	_______	______
M>	Attention to cash flow management				_______	_______	_______
	Tranx Processing Systems:
N>	Sunday Counting and Receipts-to Bank				______	______	______
O>	Donation Acctg System				_______	_______	_______
P>	Non Sunday Receipts				_______	_______	_______
Q>	Purchases/Payables and
		Disbursements-signatures			______	______	______
R>	Payroll				______	______	______
S>	Journal Entries				______	______	______
T>	Bank Reconciliation				______	______	______
U>	Accts Receivable-if applicable				______	______	______
V>	Fixed Assets Accountability				______	______	______
W>	Restricted Funds				______	______	______
Y>	Overall distribution of work functions
		to insure adequate financial