Finance Committee, July 8, 2015

Minutes of the Finance Committee

First United Methodist Church, Santa Rosa

Wednesday, July 8, 2015--Carriage House

 

Present:  Greg Roth (Chair), Mary Brunet, Jack Dupre, Marjorie Noble, Larry Schmidt, Bill Stephens, Nadine Walsworth, Heather Young and Steve Zwick. 

Absent:  Ryan Comiskey

 

Greg Roth called the meeting to order at 7:07 p.m., beginning with a scripture reading and a prayer.

 

Approval of Minutes

Steve Zwick moved and Jack Dupre seconded to approve the June 2015 Finance Committee meeting minutes.  The motion was passed unanimously. 

 

Finance Report

Larry Schmidt reviewed the financial statements for June 2015.  During the month the main checking account balance decreased from $82,035.95 to a new balance of $51,564.84.  The operating fund balance decreased from $34,582.01 to a new balance of $25,102.33.  Year-to-date (YTD) pledges and gifts were $353,973.96, which is 101.29% of the YTD budgeted amount.  Total YTD income was $395,194.92, which is 101.87% of the YTD budgeted amount.  YTD total expenses were $384,388.46, which is 97.4% of the YTD, budgeted amount.  Overall, YTD total income has exceeded YTD total expenses by $10,806.46.

 

Business Administrator’s Report

Mary Brunet reported that FUMC has submitted its yearly audit documentation to Bank of the West.  This audit is required under the mortgage agreement between FUMC and the bank.

 

Shift Discussion

Pastor Blake has tasked the finance committee to make a contribution to the Shift emphasis.  Heather Young  proposed that the committee concentrate on taking additional measures to increase trust and transparency regarding financial issues. This can be accomplished, in part, by the committee participating in the September all church event/ Ministry Faire.  Heather will prepare some simple charts or graphics to share church financial information in a non-technical way.  Mary Brunet asked for, and received, a commitment from members of the finance committee to staff an information table at this faire and also to staff a table during the capital campaign. The committee members could present educational “spots” that highlight our mission.  Mary said she would investigate whether a narrative budget  could be used as an educational tool.  She will develop a “life of extravagant generosity journey” graphic design that could be used at the ministry faire and during the capital campaign.  She will also promote a texting donations opportunity in support of the Imagine No Malaria campaign.  Ways to encourage financial literacy will be explored—the Dave Ramsey financial series, other educational programs and Catholic Charities financial education programs were discussed.  Greg Roth agreed to contact local Catholic Charities representatives to learn what financial education programs they might offer.  The committee also discussed a structure for acknowledging first time contributions.  Greg agreed to draft a thank you letter for first time donors to FUMC.   Bill Stephens volunteered to write a Roseleaf article on the biblical basis for tithing.

 

The meeting was adjourned at 8:30 PM with a prayer by Mary Brunet.

Next meeting: 7:00 p.m. August 12, 2015, Carriage House

Respectfully submitted by Nadine Walsworth

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Wed, 07/08/2015 - 19:00