Finance Committee, April 8, 2015

Draft: Minutes of the Finance Committee

First United Methodist Church, Santa Rosa

Wednesday, April 8, 2015--Carriage House

 

Present:  Greg Roth (Chair), Mary Brunet, Larry Thompson, Nadine Walsworth, Arnie Hale, and Heather Young.   

Absent:  Ryan Comiskey, Jack Dupre, Larry Schmidt, Marjorie Noble, Steve Zwick

 

Greg Roth called the meeting to order at 7:05 p.m., beginning with a prayer.

 

Approval of Minutes

Larry Thompson moved and Greg Roth seconded to approve the March 2015 Finance Committee meeting minutes.  The motion was passed unanimously. 

 

Finance Report

Greg Roth reviewed the financial statements for March 2015.  During the month, the main checking account balance decreased by $10,188.99 to a new balance of $63,336.42.  The operating fund balance decreased by $1,567.50 to a new balance of $25650.43. 

 

Year-to-date (YTD) pledges and gifts were $174,481.07, which is 98.95% of the YTD budgeted amount.  Total YTD income was $204,415.96, which is 98.84% of the YTD budgeted amount.  YTD total expenses were $193,061.40 which is 97.17% of the YTD budgeted amount.  Overall, YTD total income has exceeded YTD total expenses by $11,354.56.

 

Arnie Hall, Staff Parish Relations representative, recommended to the finance committee that the budget for Pastor Lindsay Kerr’s housing allowance be increased by $8300 for the remainder of 2015. This change is to more closely comply with guidelines set forth by the CA-NV UMC Annual Conference bylaws.  After discussion, Nadine Walsworth made a motion to approve this recommendation. Greg Roth seconded the motion. The vote was unanimous and in favor of the motion.

 

There was a discussion of the book, Shift: Helping Congregations Back Into the Game of Effective Ministry. The Finance Committee has been given responsibility for working on Shift 5: "Survival Mentality to Generosity."  More specifically, our committee has been asked to consider the following goal for FUMC, which is related to Shift 5: "Grow from 180 pledging units to 300 pledging units with 25% tithing." Greg Roth asked the finance committee members to consider the following questions in preparation for this meeting; and we were asked to have something to say about each of them.

 

1.  Do you believe that the goal stated above is appropriate for FUMC?

2. What actions could the Church take that would motivate you or others to increase donations to FUMC?

3. What actions could the Church take that would increase the number of pledging units at FUMC?

 

Many ideas were suggested and recorded during the committee’s “brainstorming” session.  Greg Roth will take these ideas to the next church-wide Shift Meeting, scheduled for May 4th. 

 

The meeting adjourned at 8:58 p.m. with a prayer by Mary Brunet

 

Next meeting: 7:00 p.m. May 13, 2015, Carriage House

 

Respectfully submitted by Nadine Walsworth

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Wed, 04/08/2015 - 19:00