Finance Committee, November 12, 2014

Minutes of the Finance Committee

First United Methodist Church, Santa Rosa

Wednesday, November 12, 2014--Carriage House


Present:  Pamala Stephens (Chair), Mary Brunet, Ryan Comiskey, George Kemmerer, Marjorie Noble, Greg Roth, Larry Schmidt, and Steve Zwick.   


Absent:   Jack Dupre and Larry Thompson.


Pamala Stephens called the meeting to order at 7:05 p.m., beginning with a devotional reading from Practicing Extravagant Generosity and a prayer.


Approval of Minutes

Ryan Comiskey moved to approve the October 10, 2014 Finance Committee meeting minutes.   Greg Roth seconded and the motion was passed unanimously. 


Book Discussion

The Committee members each discussed their main “takeaways” from reading chapter 1 from the book, Shift: Helping Congregations Back into the Game of Effective Ministry, by Dr. Phil Maynard.  Pamala asked Committee members to read chapters 2 and 3 for discussion at our next Finance Committee meeting on December 10th.


Finance Report

Larry Schmidt reviewed the financial statements for October 2014.  During the month the main checking account balance rose by $2,948.08 to a new balance of $22,088.14. The operating fund balance increased by $4,298.58 to a new balance of -$15,002.81. 


Year-to-date (YTD) pledges and gifts were $567,065.63, which is 92.21% of the YTD budgeted amount of $614,990.03.  Total YTD income was 96.29% of the YTD budgeted amount.  YTD total expenses were 99.10% of the YTD budgeted amount.  Overall, YTD total expenses have exceeded YTD total income by $21,663.78.


Vote on Monies Collections Protocol

After considerable discussion among Committee members at the October and November meetings, a formal written procedure for securing the Church’s collections was adopted.  The new procedure is intended to enhance the security of collected donations to FUMC.  Steve Zwick moved to adopt the proposed procedure, Pamala Stephens seconded, and the Committee approved the motion.  The vote was five in favor with one abstention.  The new procedures for securing collections apply to all Church services and will be effective immediately.


Other Business

Pamala advised the Committee members that she would be leaving the Committee effective January 2015 and the Committee would gain three new members at that time:  Sean Charter; Nadine Walsworth; and Heather Young.  She also reported that Greg Roth will become the new Chair in January. 

The meeting adjourned at 8:24 p.m. with a prayer by Mary Brunet.


Next meeting: 7:00 p.m. December 10, 2014, Carriage House

Respectfully submitted by Greg Roth

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