Finance 

& 

Stewardship

Hope Bible Church is a gospel-driven, joyfully sacrificial, first fruits giving church. This means that our Elders and leadership exhort the people to obediently respond to God’s saving grace with their whole lives, including the glad offering of their finances back to God.

​

We believe giving:

​

- is an act of worship (2 cor 9:12)
- is to be from our first fruits (Prov 3:9)
- is to be done cheerfully and generously (2 cor 9:7)

​

We want to make it as easy as possible for our people to give generously to the Lord. You will be presented a form to fill out which will allow you to give to the Hope Kelowna ministry funds. Income tax receipts will be issued early in the new year.

​

Any questions regarding the budget or the financial statements can be addressed to accounting@hopekelowna.ca

GIVE NOW

“Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver.” 

2 Corinthians 9:7

HOPE BIBLE CHURCH STEWARDSHIP

Incorporated Charity registered with Canada Revenue Agency Annual Budget Prepared Monthly Financial Executive Review Published Audited Annual Financial Statements Published Unaudited Quarterly Financial Statements Expense Authorization Process Confidential Donor Information



ORGANIZATION & CHARITABLE STATUS

Hope Bible Church Kelowna is an incorporated charity registered with the Canada Revenue Agency. Each year, the church files an Annual Information Form with the Charities Directorate in compliance with federal regulations.



ANNUAL BUDGET PROCESS

Each fall, an operational budget is prepared for review, analysis, questions and approval by the Executive Staff and the 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.



MONTHLY FINANCIAL EXECUTIVE REVIEW

Monthly financial statements are prepared and compared to the operational budget to ensure spending is in line with the fulfillment of Hope Bible Church Kelowna'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 and assurance, Hope Bible Church retains an independent auditor to conduct annual audits of its financial statements. These financial statements are audited in accordance with Generally Accepted Auditing Standards (GAAS) and prepared in accordance with International Financial Reporting Standards (IFRS).



EXPENSE AUTHORIZATION PROCESS

Hope Bible Church Kelowna 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 Department and the Senior Pastor.



CONFIDENTIAL DONOR INFORMATION

Donor information is kept in strict confidence. Per our policies, Elders & Pastors do not have access to donor information and 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.