FINANCIAL STEWARDSHIP AT HARVEST

Organization and Charitable Status

Harvest Church is registered with the Canada Revenue Agency as a Charitable Organization (registration #: 857468029RR0001). Each year the church files an Annual Information form with the Charities Directorate in compliance with federal regulations.

Annual budget process

Each year an operational budget is prepared for review, analysis, questions, and approval by the leadership staff and Elders. Each ministry is required to present a budget alongside a ministry plan for the year. The operating budget is fundamental to our accountability, transparency, and integrity. Staff compensation is approved by non-staff Elders and is compared with industry standards in North America to ensure it falls within acceptable parameters when compared to the overall budget of the church.

Quarterly Financial Review

Monthly financial statements are prepared and compared to the operational budget to ensure spending is in line with the fulfilment of Harvest Church’s mission. Each quarter, as necessary, the operational budget is updated to reflect any changes in priorities throughout the year.

Annual audit

To ensure maximum transparency Harvest Church retains an independent auditor to conduct annual audits of its financial statements. These financial statements are audited in accordance with Canadian generally accepted auditing standards and prepared in accordance with Canadian accounting standards for not-for-profit organizations. Past audited financial statements can be accessed above.

Published unaudited quarterly Financial Statements

To ensure the church body is aware of the most recent financial status of Harvest Church, we prepare quarterly unaudited Financial Statements. The unaudited Financial Statements for the most recent year can be accessed above.

Expense authorization process

Harvest Church has a strict expense authorization to ensure financial accountability for operational and capital purchases. Purchases in excess of specific thresholds must be approved by the Finance Team and the Leadership Team.

Confidential donor information

Donor information is kept in strict confidence. Per our policies, Elders and Pastors do not have access to donor information. This information is kept in strict confidence by our Finance Department staff. Donor information is not sold, nor is it made available without the prior consent of the donor except where disclosure is required by law.