Purpose: With an eye toward both data and creativity, the Financial Stewardship Team’s work focuses on the financial health of Fabric, specifically maintaining and growing our income.

Key roles and functions:

  • Awareness and understanding of Fabric's income, auto-giving data, and community giving, which will be provided by the Fabric Treasurer.

  • Activate around the Spring Giving Challenge, Give to the Max, and other fundraising efforts to support Fabric’s budget.

  • Develop messaging about Fabric’s budget, funding, and the importance of widespread community support.

  • Pursue new revenue streams to help diversify Fabric's income.

  • Be available to community members who have questions, feedback, and ideas about Fabric’s finances.

How this happens:

  • The Financial Stewardship Team is comprised of 5-6 members open to Fabric regulars, with openness to “friends of Fabric” who have interest/expertise in fundraising. The team’s convening Project Manager should be a Fabric regular.

  • Lead Pastor Ian McConnell is the staff liaison to the Team.

  • Fabric’s Treasurer Laureen Harbert is not part of the Financial Stewardship Team, but is a resource. She will provide the Team with an orientation to Fabric’s finances, data about auto-giving and other giving, and updates on budget vs. actual income.

  • Team meets approximately 5-6 times a year and has regular contact via email.

  • Suggested commitment of at least 2 years

The Financial Stewardship Team is distinct from the Fabric Board, which as part of its fiduciary duties is responsible for approving the annual budget, tracking our finances vs. budget, and ensuring compliance with ethical, financial, and legal standards. The Finance Team, comprised of Katy Kennedy, Ian McConnell, the Treasurer, and a community volunteer, is responsible for the day-to-day financial duties of paying invoices, recording deposits, reconciling monthly bank statements, developing the budget, and filing tax and wage reports.