Finance Committee, February 24, 2016

Minutes of the Finance Committee

First United Methodist Church, Santa Rosa

SPECIAL MEETING: Wednesday, February 24, 2016 -- Carriage House

Present:  Greg Roth (Chair), Jack Dupre, Heather Young, Charlie Amezcua, Tokasa Buinimasi, Bill Stephens (Lay Leader/Staff Parish), Peg Ferrel (Lay Rep to Annual Conf), Ryan Comiskey, Blake Busick (Sr. Pastor), Lindsey Kerr (Associate Pastor), and Mary Brunet (Business Administrator). 

Absent: Mike Ferrel, Chris Bowen, Larry Schmidt (Treasurer), Norm Hardin (Trustees)

Greg Roth called the meeting to order at 7:00 p.m. and led a beginning prayer.

Cash Flow

Greg reviewed the cash flow projections he and Mary prepared. After discussion and some adjustments, Bill moved and Jack seconded a motion to pull forward the special campaign to March, which aligns with the Next Steps campaign. Motion passed unanimously.

Ryan Comiskey moved and Peg Ferrel seconded a motion to recommend that all spending authorities prepare contingency plans for expense reduction:

Ask all spending authorities at FUMC to prepare two contingency plans by April 30 to reduce expenses immediately for the remainder of the 2016 budget year by 7.7% and 5.1%.

The motion passed unanimously.

Sale of Assets
The overview report of FUMC’s properties was discussed. A wide range of opinions are held on which options are best to be pursued, as well as to the best timing for the discussions. Because the sale of assets has been shown to be a polarizing issue at the church, Pastor Blake expressed his desire to solidify our congregation’s discipleship in Christ before decisions are made in this area. Several members of the Finance Committee raised the question of what are the signs of sufficient discipleship. Both pastors put forward the examples of: members in a discipleship group, members tithing, Christ infused in all that we do, and a feeling of having come together as a congregation. Several Finance Committee members shared their concern that:

  1. Cash is projected to be exhausted within just a couple of months
  2. Any sale of assets will have a long lead time
  3. A three-pronged approach has been approved by Finance and by Next Steps
  4. The pastors’ examples of sufficient discipleship are extremely difficult to measure;

Therefore, the 3rd prong of asset sales should continue to be explored.

Greg reported that he may have found an auditor to perform the 2015 audit.

After fruitful discussion, the meeting ended at 9:37pm with a closing prayer by Pastor Lindsey.

Next meeting will be at 7:00 p.m. March 9, 2016, Carriage House


Respectfully submitted, Heather Young

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Wed, 02/24/2016 - 19:00