Finance Reports

Finance Committee, March 9, 2016

Wed, 03/09/2016 - 19:00

Minutes of the Finance Committee

First United Methodist Church, Santa Rosa

Wednesday, March 9, 2016—Carriage House

Present: Greg Roth(Chair), Jack Dupre, Ryan Comiskey, Charlie Amezcua, Bill Stephens (Lay Leader), Chris Bowen, Mary Brunet (Business Administrator), Tokasa Buinimasi, Thomas Barnett (Trustees).

Absent: Mike Ferrel, Peg Ferrel, Larry Schmidt, and Heather Young.

Page Topic: 

STEWARDSHIP CAMPAIGN RESULTS FOR 2016

News Date: 

01/27/2016

Display news from-to: 

01/27/2016 to 03/31/2016

abstract: 

Please see details on the report.

FUMC has completed its initial review of year 2016 pledges to the operating and mortgage funds. The results show a significant decline in pledged income compared to 2015.  Pledges for the 2016 operating fund
declined by $85,636.  Pledges were $585,000 in 2015, but only $499,364 in 2016. This represents a decline of 14.64%. Pledges for the mortgage fund are also down from $133,800 in 2015 to $101,000 in 2016. This represents a decline of $32,800 or 24.51%. 

News: 

FINANCIAL RESULTS FOR 2015

News Date: 

01/27/2016

Display news from-to: 

01/27/2016 to 03/31/2016

abstract: 

Income and expenses were balanced.

The overall financial results for 2015 were remarkably close to expectations. Pledges and Gifts received were 99.63% of the expected amount. Total Income was 99.26% of the expected amount. Total Expenses were 99.09% of the expected amount. A balanced budget was forecast for the year 2015, but the year actually ended with a small surplus. Total Income exceeded Total Expenses by $1,383.35.

News: 

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