FINANCE CORNER
The Finance Committee continues to meet on a monthly basis. We review our monthly posting journal and bank account.
In March, Jimmy Jones, Tony Coalson, and I met with Nancy Dow of the Pauling County First United Methodist Church. Nancy is the church treasurer. She was extremely helpful in many areas of their operation. Nancy is a paid employee of the church and attends another Methodist church in Marietta.
Discussed were ( but not limited to) the following topics:
1. Software Systems
2. Preschool Expenses/Income
3. Apportionments
4. Tithing Campaigns/Budget
5. Fundraising
6. Designated Fund Policy
As stated in my previous letter, the Budget reflects a deficit of $75,000 for 2019. Also discussed in my letter last month, were the three reasons for the shortfall:
1. Decrease in Tithing from 2019
2. Increased Personnel Costs
3. Apportionments Not Paid Early in the Year as in 2018
Now for some good news. The Board of Trustees has entered into an agreement to rent our fellowship hall to a movie production company. No monies have been received, but the agreement is for a payment of $17,000. Also, for the first quarter of this year we have had revenues of $7,892 more than expenditures. We expect the summer months of mid-May to mid-August to be significantly lower revenues.
The preschool continues to be financially sound providing income to pay teacher salaries and all other expenses.
The Finance Committee continues to meet the second Wednesday of each month at 6:00 in the Grogan/Black Room, and welcomes your attendance and input.
Bill Lumpkin
Chairman
Finance Committee
The Finance Committee continues to meet on a monthly basis. We review our monthly posting journal and bank account.
In March, Jimmy Jones, Tony Coalson, and I met with Nancy Dow of the Pauling County First United Methodist Church. Nancy is the church treasurer. She was extremely helpful in many areas of their operation. Nancy is a paid employee of the church and attends another Methodist church in Marietta.
Discussed were ( but not limited to) the following topics:
1. Software Systems
2. Preschool Expenses/Income
3. Apportionments
4. Tithing Campaigns/Budget
5. Fundraising
6. Designated Fund Policy
As stated in my previous letter, the Budget reflects a deficit of $75,000 for 2019. Also discussed in my letter last month, were the three reasons for the shortfall:
1. Decrease in Tithing from 2019
2. Increased Personnel Costs
3. Apportionments Not Paid Early in the Year as in 2018
Now for some good news. The Board of Trustees has entered into an agreement to rent our fellowship hall to a movie production company. No monies have been received, but the agreement is for a payment of $17,000. Also, for the first quarter of this year we have had revenues of $7,892 more than expenditures. We expect the summer months of mid-May to mid-August to be significantly lower revenues.
The preschool continues to be financially sound providing income to pay teacher salaries and all other expenses.
The Finance Committee continues to meet the second Wednesday of each month at 6:00 in the Grogan/Black Room, and welcomes your attendance and input.
Bill Lumpkin
Chairman
Finance Committee
Trustees Corner
Just a short note to thank our congregation again for everyone's participation and assistance during our Church Work Day held August 18th. Teams made advanced preparations and were well organized resulting in many repair and maintenance projects being accomplished. Several people even worked in the days following our work day to finish up some larger projects that were very time consuming. Lots of hard work, great teamwork, comradery, and fun~ We had 44 dedicated workers!!!! MANY THANKS TO ALL!!! Tony Coalson
