No. | RISK | IMPACT | LIKELIHOOD | SCORE | ACTIONS / CONTROLS IN PLACE | FURTHER WORK REQ’D | ACTIONEES | TIMESCALE |
1 | Failure to meet assessment and outgoings | M | L | 2 | Regular giving Covenanting | Encourage tithing Special fundraising | Church Council Minister Members | Ongoing As required |
2 | Fraud | M | L | 2 | Two signatures required Collection counting procedures Accounts External audit Budgets Schedules Reporting to Church Council | Spending limits for officers / Cttee | Finance Cttee Treasurer Church Council | Scheduled meetings Special meetings |
3 | Failure to maintain adequate reserves | M | L | 2 |  | Develop reserves policy | Finance Cttee Treasurer Church Council | ASAP |