Board of Trustees
What is the Board of Trustees?
The Board of Trustees manages the financial and property affairs of the Presbytery. It recommends fiscal policy, provides financial reports, manages investments, maintains insurance, and provides for an annual audit. It makes recommendations on loan, lease, and sale applications of congregations. It provides financial guidance to congregations upon request.
Church loans, property sales, purchases require
Presbytery approval
Church loans require Presbytery approval: PTCA congregations should submit an application to the Board of Trustees if requesting a loan from any source, be it the General Assembly, the Synod of Lakes and Prairies, a bank, or a different organization.
For more information on Presbytery approval of loans and property sales, or to arrange time on the Trustees agenda, please contact the BOT chair at trustees@ptcaweb.org or call 612-871-7281, ext. 21. Thank you.
In MS Word format:
Construction or remodeling loan packet | Loan re-finance packet
Property sale packet | Property purchase packet | Church Lease
The following are in PDF format:
Sale Proceeds policy (Use of Proceeds from Sale of Real Property)
Packets and checklists for loans, property transactions
You may save the appropriate packet(s) to your computer, fill them out, attach appropriate documentation and signatures, and then mail it to the Trustees, PTCA, 122 W Franklin Ave Ste 508, Minneapolis, MN 55404. Please be sure to contact the BOT (trustees@ptcaweb.org or 612-871-7281, ext. 21) as soon as possible so that they can appoint a liaison to help you with the packet and application process. Thank you.
Synod loans
Church loans require Presbytery approval: PTCA congregations should submit an application to the Board of Trustees if requesting a loan from any source, be it the General Assembly, the Synod of Lakes and Prairies, a bank, or a different organization.
If you desire to obtain a loan from the Synod of Lakes and Prairies, please contact the Synod's Treasurer, Jay Wilkinson, immediately so as to also begin the Synod loan application process: jwilkinson@lakesandprairies.org; 651-357-1140 (toll free 1-800-328-1880), ext. 205; 2115 Cliff Dr, Eagan, MN 55122.
Here
in PDF format are the Synod loan policies.
Insurance resources
Covenant Presbyterian Insurance Program (CPIP) has held an agreement with the Presbytery of the Twin Cities Area since September 2003.
PC (U.S.A.) links:
Legal Resource Manual | Insurance | Recommended minimum standards
Comparison of insurance companies
Links
BOT Contact Info:
trustees@ptcaweb.orgBOT Roster:
Chair:
- Rev. Cindy Ray
Other Members:
- Mr. Brian Alton
- Mr. Joel Frette
- Mr. Fred Johnson
- Mr. James M. Payne
- Mr. Jerald Peterson
- Mr. Thomas J. Radio
- Mr. William Ward
- Ms. Nancy E. Grittman
- Ms. Sally Mortenson
- Barb van Loenen
BOT Member-only Page