Investment ‘taken seriously’ by Audit, Insurance committees

Investment ‘taken seriously’ by Audit, Insurance committees

“You can have confidence that stewardship of the Cooperative Program dollars invested in the entities of the Alabama Baptist State Convention is taken seriously,” Bobby DuBois assured messengers attending the annual meeting of the state convention in Montgomery.

DuBois, associate executive director of the Alabama Baptist State Board of Missions, spoke in behalf of both the Audit Committee and the Insurance Committee of the state convention. He said a group of six Baptists, all certified public accountants, met with the leadership of each state Baptist entity to review that entity’s audit and management letter.

The process offers counsel to the entities and assures the state convention that the financial affairs of the various entities are being handled in a responsible manner, DuBois said.

The Insurance Committee also met with entity representatives to review property and casualty insurance, look for gaps in coverage and make sure entities are managing their resources responsibly.

In its written report, the Insurance Committee said, “The committee affirms the insurance coverage in place among all entities interviewed and commends the State Board of Missions and entities of the Alabama Baptist State Convention for their careful attention to the protection of their operations.”

(TAB)