Each response in the list of 14-30 (Objective 14-5) Terry has been asked by the board of trustees of a local church to review its accounting procedures. As part of this review you have prepared the following comments about the collections made at weekly services and record keeping for members' pledges and contributions: 1. The church's board of trustees has delegated responsibility for financial management and audit of the financial records to the finance committee. This group prepares the annual budget and approves major cash disbursements but is not involved in collections or record keeping (No audit has been considered necessary in recent years because the same trusted employee has kept church records and served as financial secretary for 15 years.) Control deficiency 2. The collection at the weekly service is taken by a team of ushers. The head usher counts the collection in the church office after each service. She then places the collection and a notation of the amount in the church safe. The next morning, the financial secretary opens the safe and recounts the collection. He withholds about RM100 to meet cash expenditures during the coming week and deposits the remainder intact. To facilitate the deposit, members who contribute by check are asked to enter "Cash" on the payee line. 3. At their request, a few members are furnished prenumbered predated envelopes in which to insert their weekly contributions. The head usher removes the cash from the envelopes to be counted with the loose cash included in the collection and discards the envelopes.(No record is maintained of issuance or return of the envelopes, and the envelope system is not encouraged) 4. Each member is asked to prepare a contribution pledge card annually. The pledge is regarded as a moral commitment by the member to contribute a stated weekly amount. Some members have inquired about having weekly contributions automatically withdrawn from their bank account or charged to their credit card, but the church has not established procedures that would allow payments other than by cash or check at weekly services. Based on the amounts shown on the pledge cards, the financial secretary furnishes a letter to members, upon request, to support the tax deductibility of their contributions. Identify the deficiencies and recommend improvements in procedures for collection made at weekly services and record keeping for members' pledges and contributions. Use the methodology for identifying deficiencies discussed in Chapter 10. Organize your answer sheets as follows:*