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Financial and Mission Services Committee

Mandate:
To develop an annual operating budget and to review all mission support applications, loan applications, (learning grants) having regard to need, and financial support to the life and growth of the church and its people within the region.

Responsibilities:
Develop an annual operating budget for the region;
Develop an investment plan for all monies received (i.e. from Presbyteries and Maritime Conference) and develop a plan for long term investments;
Receiving and reviewing all applications for support, loans, and learning grants having regard to the criteria outlined in each category of support, loan and learning grant, and to make recommendations to the Executive for decision.
Report annually to the annual meeting of the region.
Appoint a Special Ministries Committee that would have mandate to oversee ministries for chaplaincies who have received grants from presbyteries to ensure applications submitted to Financial Support Committee annually for funding;

Composition:
Membership comprised of:
a) The Executive Minister (if required);
b) Six members appointed by the Nominating Committee in consultation with the Executive Minister having regard to a gender balance as well as a balance of ministry and lay representatives and regional representation where possible on the committee.

The Committee will have power to add additional members with particular expertise.

Terms of office:
All committee members including the Chairperson and the Secretary will be appointed for a three-year term by the regional council at the Annual General Meeting, with the possibility that members would be eligible for re-appointment for a total of two (2) terms.