Riverview Review 2023 - Flipbook - Page 12
MURIEL
OLIVER
FINANCE COMMITTEE
The committee’s purpose is to
provide financial oversight of:
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Riverview
Riverview
Riverview
Riverview
Riverview
Church
Community Services
Media
Trust
School Building Fund.
During 2023, the Committee
comprised of Muriel Oliver (Chair),
Deane Gilmour, Tania Watson, Alistair
Abbott, Jake Warwick and Stewart
Blizard.
The Committee has various
responsibilities including oversight of:
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Audit
Cashflow
Remuneration
Monthly Accounts
Review of debt and investment
strategies (including interest rate
management)
• Budget and Capex.
1. Audit
Butler Settineri continued as auditors
for the 2023 year. Riverview and its
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entities are still very satisfied with
the audit process and outcomes for
the 2022 year. We once again wish
to record and celebrate here the
commendation from the Auditors
for the very competent work done
by Amy Rinaldi (Accountant) ably
supported by Mag Wong (Operations
Manager).
As Riverview now prepares
consolidated reports presenting a
single consolidated set of financial
reports at the end of each financial
year, there will be a clearer overall
view of the financial position of
Riverview.
2. Cashflow
The cashflow forecast for 2023
improved somewhat from 2022
however the ongoing interest rate
rises have raised some concerns
about the economic outlook. It was
reassuring to see cashflow once again
improving and stabilising through
2023 as it did in 2022. However, the
Board and Committee are aware
that there is still a small percentage
of our community who are regularly
and faithfully participating in the
furtherance of the Riverview mission
and vision through financial giving.
We are still keen to continue with
our goal to see an overall increase
of participation based on EFT
transactions, rather than set a purely
“dollar” goal. For example, as we
mentioned in the prior year, as we
focus on being reflective of focussing
on engagement, regardless of the
actual amount, we are still hoping to
see the number of weekly EFT gifts
move from under 200 per week to
400 per week.
3. Salaries
The Executive Minister, Tania Watson,
continued her review of the staff
remuneration as a part of ongoing
work in reshaping the Riverview
pastoral and staff team.
4. Monthly Accounts
These were delivered in a timely
manner and the process of refining
disclosure, including the methodology
for inter-entity charges continues
as the Committee works towards
providing financial reports in a clearer
and easy to read format. We intend
to continue to develop this process