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A Corp Board receives financial audit, approves revised policies

Adopted policies cover youth and vulnerable adult protection, capital assets and gift acceptance

by Mark Koenig for the PC(USA), A Corporation | Special to Presbyterian News Service

Photo by Adeolu Eletu via Unsplash

LOUISVILLE — While the decision concerning the renovation of the Presbyterian Center may have received the most attention, the Presbyterian Church (U.S.A.), A Corporation Board of Directors dealt with other important matters during its May 19-20 meeting.

The board received the results of the 2020 financial audit from MCM CPAs & Advisors. The firm presented the board with a clean opinion on the church’s financial statements. The 2020 audit is now available in English, Korean, and Spanish.

In addition, the board addressed three policies.

The Child/Youth/Vulnerable Adult Protection Policy and its Procedures was amended by adding a Virtual Meeting Code of Conduct. This new section speaks to protecting minors in relation to their participation in virtual meetings. It is found on pages 10 through 12 of the policy. The Child/Youth/Vulnerable Adult Protection Policy and its Procedures is a policy of the General Assembly of the PC(USA) and of General Assembly agencies and entities. Other PC(USA) councils and organizations may use this policy as a guide to develop their own policies and procedures related to the protection of children, youth and vulnerable adults.

The Capital Assets Policy was approved, making it an A Corporation policy. The action streamlined the policy while retaining its substance.

A revised version of the Gift Acceptance Policy was adopted. Through this action, the policy becomes an A Corporation policy, covering A Corporation, Office of the General Assembly (OGA) and the Presbyterian Mission Agency (PMA). A section on commitments to donor privacy was added as was language stating that restricted gifts may be assessed an administrative cost. The revised policy also calls for the A Corporation president, the PMA president and executive director, and the Stated Clerk to appoint a gift acceptance committee.

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