Table of contents:

4. Other Information

4.1. The financial year of OLOG commences on 1st January and ends on 31st December of each calendar year.

4.2. OLOG uses an official and legal accounting system, for the time being, the MYOB accounting system to record and maintain the financial transactions of the Church.

4.3. Two bank current accounts are maintained with Malayan Banking Berhad – one for the parish’s general income and expenditure and the other for the Community Centre Building Fund (CCBF).

4.4. Separate general ledger accounts are maintained for each of the above as the CCBF fund is strictly intended for the purpose for which it is set up whilst the parish general account is for the purpose of depositing Sunday, feast day and other non-building fund collections. Disbursements for the parish account refer to administrative, maintenance and salary costs. Disbursements for the CCBF refer to costs related with the raising of funds e.g. printing of posters & souvenir programmes, rental of tents and the like.