Financial Policy
of LttN Ministries Incorporated
LttN Ministries Inc is a Faith Missionary Enterprise and rests in total
dependence upon God for all supply and provision.
1.
Operational
Promises: 2 Corinthians 9: 8-11.
“And
God is able to make all grace abound to you, so that in all things at all times,
having all that you need, you will abound in every good work. As it is written:
"He has scattered abroad his gifts to the poor; his righteousness endures
forever." Now he who supplies seed to the sower and bread for food will
also supply and increase your store of seed and will enlarge the harvest of your
righteousness. You will be made rich in every way so that you can be generous on
every occasion, and through us your generosity will result in thanksgiving to
God.”
2.
Operational
Principles:
·
We believe God is true to His promises and will
supply all our needs with abundance and favor.
·
We will operate and plan in the expectation of
abundant provision
·
We with not allow a ‘poverty mentality’ to govern
our decisions.
·
We will faithfully steward the resources God
supplies.
3.
From
the outset of this ministry, we recognize that the supply our financial needs
are, humanly speaking, improbable. Notwithstanding, we will set our budget with
responsibility and integrity always acknowledging our total dependence upon the
promises and provision of God.
4.
In
promoting the ministry to individuals, groups or churches, we will focus upon:
·
The vision and challenge God has set before us
·
The needs of current and emerging leaders
·
The faithfulness of God in Christ
Accordingly
the needs of the ministry will only be shared in the most gentle of terms and
with those who demonstrate an interest in the ministry.
5.
A
tithe (10%) of all income received by the ministry will be set apart in a
Missionary Fund and directed to missionary enterprise in the Developing World.
6.
Operational
Procedures:
·
All income received by LttN Ministries Inc will be
receipted, banked and acknowledged.
·
The President and Vice President will make Day to day
operational decisions in line with the budget. Extra budgetary expenditure will
be referred to the Executive and ratified by the next committee meeting.
·
Credit facilities (Credit cards, etc.) will only be
used when we know that the funds are available to meet the expense when the
account falls due. We will pay all accounts by the due date.
7.
LttN
Ministries will seek affiliation with a Christian Financial Integrity group.
8.
The
President and Vice President will be paid a salary and allowances based upon the
appropriate package as recommended from time to time by the Baptist Churches of
NSW plus an increment in recognition of seniority and experience. The salary may
be packaged in such a way that adheres to the taxation law and responsible
citizenship.
9.
LttN
Ministries will seek to recruit a team of supporters (to be known as Ministry
Partners) who are committed to praying for and financially supporting the
ministry. We will also seek partner churches to recognize LttN as part of their
missionary outreach and contribute toward the financial base.
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