Finance Committee, March 12, 2014

Minutes of the Finance Committee

First United Methodist Church, Santa Rosa


Wednesday, March 12, 2014--Carriage House


Present:  Pamala Stephens (Chair), Marjorie Noble, Greg Roth, Larry Schmidt, Larry Thompson, and Steve Zwick


Absent: Mary Brunet, Ryan Comiskey, and Jack Dupre


Pamala Stephens called the meeting to order at 7:02 p.m. and began with a prayer.


Approval of Minutes

Minutes of the Finance Committee meeting of February 12, 2014 were approved as written:  Moved by Larry Thompson, seconded by Steve Zwick, motion passed unanimously


Finance Report

Larry Schmidt reviewed the financial statements for February, 2014.  During the month the main checking account balance increased $3,281.65 and the operating fund balance decreased $6,375.93.  Total assets increased $1,185.00, while total liabilities increased $42.81 and total fund balances increased $1,142.19.  Year to date (YTD) pledges and gifts were $114,985.87, which is $4,255.22 under budget.  However, this deviation from budget was not viewed as cause for concern by the committee members because it is still very early in the year.  YTD total expenses were $4,581.10 under budget.  The 03 and 04 accounts total $86,265.00 and were fully funded. 


Other Business

Pamala Stephens updated the committee on the progress toward a planned April Fools’ Ball.  (The April Fools’ Ball fundraiser was described in the prior month’s minutes.)  Invitations to the Ball are scheduled to be mailed by March 20th and a skit promoting the Ball is planned for Church services on March 23rd.  Follow up announcements will be made during services on March 30th and April 6th.  A supporting email blast will be sent on April 1st. 


Pamala informed the committee members that Pastor Lindsey Kerr was in discussions with the Cultivating Impact Farm (CIF) organization regarding that organization’s possible use of land at the Stony Point campus.  CIF partners with elementary, middle and high schools to provide gardening education and practical experience for students. 


Pamala also asked committee members to study the recently completed Readiness Assessment Report, especially the recommendation regarding the Building Fund and Annual Drive.  She asked committee members to provide any suggestions they might have in response to the Report. 


The meeting adjourned at 8:30 p.m. with a prayer by Pamala Stephens.


Next meeting: 7:00 p.m. April 9, 2014, Carriage House


Respectfully submitted by Greg Roth

Page Topic: