Finance Committee, June 10, 2015

Minutes of the Finance Committee

First United Methodist Church, Santa Rosa

Wednesday, June 10, 2015--Carriage House

 

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

Absent:  Heather Young

 

Greg Roth called the meeting to order at 7:02 p.m., beginning with a scripture reading and a prayer.

 

Approval of Minutes

Larry Thompson moved and Ryan Comisky seconded the motion to approve the May 2015

Finance Committee meeting minutes.  The motion was passed unanimously.

 

The Committee Thanks Larry Thompson

Larry Thompson informed the Committee that he is retiring from Committee service.  Greg Roth set forth the following resolution and motion: “The Finance Committee recognizes Larry Thompson for over 25 years of faithful service on the Committee. The Committee expresses its sincere gratitude for his outstanding leadership. Larry’s consultation and fellowship will be deeply missed.”  Nadine Walsworth seconded and the motion passed unanimously.

 

Finance Report

Larry Schmidt reviewed the financial statements for February 2015.  During the month, the main checking account balance rose by 11,676.03 to a new balance of $82,035.95.  The operating fund balance increased by $3,860.50 to a new balance of $34,582.01. 

 

Year-to-date (YTD) pledges and gifts were $300,752.60, which is 103.19% of the YTD budgeted amount.  Total YTD income was $339,962.43, which is 103.89% of the YTD budgeted amount.  YTD total expenses were $319,676.29 which is 97.05% of the YTD budgeted amount.  Overall, YTD total income has exceeded YTD total expenses by $20,286.14.

 

Business Administrator’s Report

Mary Brunet told the Committee that she will report on the fall stewardship campaign at the July meeting.  She is currently searching for a person to complete the yearly audit required by the Annual Conference. Mary has been in Atlanta at Emery University to continue her efforts to become a Certified Church Business Administrator.

 

Other Business

The May Day fundraiser has been cancelled because of strong year-to-date financial performance.  Possible alternatives will be revisited at a later time.

 

Greg Roth will be writing an article in the Rose Leaf for the purpose of thanking the congregation for faithfulness in giving toward the ministries at FUMC. Bill Stephens will proof the article and it will be in the July Rose Leaf.

 

At the next meeting the Committee will continue discussions of the Shift book and will focus on a plan for the Finance Committee’s involvement in the Shift emphasis at FUMC

 

The meeting adjourned at 7:48 p.m. with a prayer by Mary Brunet

 

Next meeting: 7:00 p.m. July 8, 2015, Carriage House

 

Respectfully submitted by Nadine Walsworth

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