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Finance Committee, May 9, 2012
Minutes of the Regular Meeting
First United Methodist Church
Wednesday, May 9, 2012 – 7:00 p.m. Carriage House
Present: Mary Brunet, Frank Bush, Janin Comiskey, Mark Frey, Arnie Hale, Naomi Niimi, Paul O’Rear, Larry Schmidt, Larry Thompson, Kathy Young and Mike Young
Absent: Karl Byrn and Pamala Stephens
Chair Kathy Young called the meeting to order and Arnie Hale opened with a prayer.
Approval of the Minutes
Motion was made and seconded to approve the minutes of the April 11, 2012 meeting. Motion carried.
Adjustments to 2012 Budget
Mary Brunet presented information showing required budget changes resulting from the replacement of Pastor Bergquist with Pastor Busick. The changes will be made to the budget pending approval of Pastor Busick’s Compensation Package by the Charge Conference May 12. Mary also presented information showing required budget changes resulting from Connie Bergquist leaving May 1 and from Janin Comiskey’s compensation moving to office expense instead of Ministerial expense. FUMC will be responsible for 20% of Pastor Busick’s moving expense, which will be absorbed by the existing budget, as those expenses become known.
Larry Schmidt highlighted information from the April financials. The Operating Checking account is -8,763.51. The Young Adult-Nicaragua refund has been processed. Total 03 and 04 funds are 51,532.16. Total income for April was $71,682.05, which was 114.84% of April budget. The excess of income over expenses for April was $6,086.35, which reduced our shortage year to date to $6,327.86.
Creative Arts has prepared the financial presentation we asked them to create and Kathy Young is checking with Pastor Greg to see if Sunday, June 24 is OK. Mike Young will present a new format, at the June meeting, for the Quarterly financial information going to the congregation.
Mary Brunet and Janin Comiskey discussed changing the procedure for counting money on Sunday mornings in an effort to reduce tracking errors. It would involve just counting cash and letting Janin count the checks, with the help of a volunteer already identified, on Mondays. Mary and Janin will present a formal written procedure, for Finance Committee approval, at the June meeting. Target date for implementation is July 1.
Meeting adjourned 7:55 p.m. with a prayer by Mike Young.
Next meeting; June 13, 2012 at 7:00 p.m. – Carriage House
Minutes Submitted by:
MAY 10, 2012