C13.07. There shall be a finance Committee, of which the treasurer shall be an ex-officio member. It shall prepare a draft budget for the succeeding year, including this congregation's full indicated share in support of the wider ministry being carried on in its behalf by te Evangelical Lutheran Church in America and the synod, and it shall submit such a draft budget to the Congregational Council for its action and later presentation at a congregational meeting. This committee shall excercise oversight of all financial affairs of the congregation to make sure that they are being conducted efficiently, giving particular attention to the prompt payment of all obligations and to the regular forwarding of benevolence monies to the synodical treasurer. It shall be subject to the approval of the Congregation Counci;, be responsible for the congregation's investments. and its total insurance program. It shall provide annual audits of the accounts of the treasurer and the financial secretary, as well as the accounts of the schools and organizations within the congregation.