View as Webpage

Mission Matter$

Q1 2022 | Finance & Administration

QUARTERLY THOUGHT



Financial policies clarify the roles, authority, and responsibilities for essential financial management activities and decisions. In the absence of an adopted policy, staff and Board members are likely to operate under a set of assumptions that may or may not be accurate and productive.

– Propel Nonprofits 

Q1 UPDATES

Parish-specific ConnECCT File Share is Here

The Episcopal Church in Connecticut (ECCT) has rolled out the new aspect of its ConnECCT file share. The purpose of this parish-specific side of ConnECCT is to create individual file folders for each parish in ECCT. These folders will house various information such as accords, (thus relieving us of the need to send out hard copy letters, a savings in labor and supplies), insurance renewal surveys, CMS and insurance invoices, etc. Contact the Rev. Matt Handi, Operations Manager to register your parish or for more information.

Parish Invoices

ECCT will be processing your monthly invoices via the parish-specific side of ConnECCT. January’s invoice will contain the 2021 property & casualty premiums, due to the ongoing negotiations. In Q2 adjustments to the parish invoices will be made accordingly. Invoices for the remainder of the year will be issued within the first week of every month via email.

The recipients will be the Rector or Priest-in-Charge (PIC) and Treasurer (in the absence of a Rector or PIC, the Sr. Warden will be included). To ensure that we have your current information, update your parish’s survey online. To reset your password, contact the Operations Manager.

Direct Deposits/ACH Payables Account

ECCT is shifting all payment processing to ACH/Direct Deposits to ensure secure, swift, and timely payments. Please ensure that you have provided us with your parish’s current banking information.

Direct Deposits Receivable’s Account

ECCT is recommending that parishes use direct deposits to ensure timely deposit to the Fund. Direct deposits are secure, swift, simple, and won’t be lost, delayed, and will ensure the timely payments of your parish’s commitments. Contact Rosanna Rosado, Canon for Mission Finance & Operations for more information.

Property Improvement Grant Application Extension

We are extending the deadline to apply for a 2021 Property Improvement Grant. Parishes can now apply through January 31. Details and the application can be found in the grants section here on our website.

Coming in Q2:

Finance & Operations Bi-weekly Virtual Office Hours.

More info & dates coming soon.

ECCT recognizes and celebrates those parishes who are fulfilling the administrative, financial, and canonical expectations fundamental to our common life. 

Join Rosanna Rosado, Canon for Mission Finance & Operations, and her team for to review requirements & best practices for submitting accurate & complete parochial reports.

Annual Audits or Financial Reviews are due September 1 of each year. Additional resources, forms, policies, and sample letters to engage an accountant are available in ConnECCT, ECCT's new file share.

Join Donations & Bequests on February 8 to meet their new BoA team.

Beginning January 1, the updated mileage reimbursement rate for the use of a car, van, pickups, or panel trucks driven for business use is 58.5 cents per mile. Additional tax updates available on our website.

The encroaching cold season puts increasingly higher stress on churches and their ancillary facilities. Being mindful of the winter needs of any facility already puts the property in great hands.