Mark 5 Ministries Financial Policies
- Mark 5 Ministries uses a general fund accounting system. All funds collected go in to the general fund and are spent at the discretion of the Board of Directors.
- Despite Policy 1 above, it is the intent of Mark 5 Ministries that funds raised by a specific volunteer for a specific project are used for that volunteer participating in that project.
- Mark 5 Ministries does not issue refunds to financial donors even if a volunteer is unwilling or unable to participate in a project.
- Purchases over $100 require the approval of two or more Board of Director members.