Download The Property Handbook - Presbyterian Church of ...
Download The Property Handbook - Presbyterian Church of ...
Download The Property Handbook - Presbyterian Church of ...
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PAGE ›› 30<br />
THE PROPERTY HANDBOOK<br />
<strong>The</strong>se types <strong>of</strong> expenditure might be approved<br />
• extensions and major maintenance <strong>of</strong> buildings<br />
• painting the existing buildings<br />
• major refurbishments <strong>of</strong> the interior, including carpeting<br />
• purchase or repair <strong>of</strong> the principal musical instrument used in services<br />
• costs associated with fulfilling legal requirements e.g. building warrant <strong>of</strong> fitness<br />
• security and fire protection installations<br />
How do we apply to use the proceeds <strong>of</strong> the sale <strong>of</strong> property?<br />
Any application to use capital funds needs to be approved by:<br />
• Board <strong>of</strong> managers/ deacons court/ parish council<br />
• Congregation<br />
• Presbytery/UDC<br />
• <strong>Church</strong> <strong>Property</strong> Trustees<br />
<strong>The</strong> Trustees’ approval must be received before you commit to spending the money.<br />
Application forms, together with supplementary questions, are available from the Secretary<br />
to the Trustees. Depending on what you propose, presbytery/UDC and the Trustees may<br />
ask for your parish accounts, valuations <strong>of</strong> the property, and plans and costings.<br />
If you are planning to use property money, check early<br />
with the Secretary to the Trustees as to whether your<br />
proposal is likely to be within the <strong>Church</strong> <strong>Property</strong> Trustees’ discretion.<br />
What happens to property money we aren’t spending?<br />
<strong>Property</strong> capital funds which you are not using must be held in the <strong>Presbyterian</strong><br />
Investment Fund. Interest earned in the parish’s account is credited quarterly. <strong>The</strong><br />
interest may be used to meet the running costs <strong>of</strong> the parish.<br />
Synod <strong>of</strong> Otago & Southland authority<br />
Parishes located south <strong>of</strong> the Waitaki River must apply to the Synod <strong>of</strong> Otago &<br />
Southland (not to the <strong>Church</strong> <strong>Property</strong> Trustees) for any approvals relating to relating to<br />
property, and the use <strong>of</strong> property proceeds.<br />
<strong>The</strong> Synod’s regulations vary in some respects from those <strong>of</strong> the <strong>Church</strong> <strong>Property</strong><br />
Trustees. Southern parishes should contact the Executive Officer, Synod <strong>of</strong> Otago<br />
& Southland, P O Box 1131, Dunedin. Phone 0800 76 22 22 or email synod.otago.<br />
southland@xtra.co.nz.