The financial planning of the Church shall be carried out through the medium of annual budgets for carrying out of the various programs of its work. Annual budgets shall be adopted by the church upon recommendation of the Council of Elders, or, if authorized by the elders, the deacons or other committee. Matters involving staff compensation shall be the responsibility of the lay members of the Council of Elders. The Council of Elders may delegate this responsibility provided such delegation is to lay deacons and or other lay members of the church.