Finance Committee, July 13, 2016

Minutes of the Finance Committee

First United Methodist Church, Santa Rosa

Wednesday, July 13, 2016--Carriage House

 

Present:  Greg Roth (Chair), Chris Bowen, Tokasa Buinimasi,  Jack Dupre, Mike Ferrel, Peg Ferrel (Lay Delegate to Annual Conference), Bill Stephens  (Lay Leader/Staff Parish), Heather Young (Recording Secretary), and guest Paul O’Rear. 

 

Absent:  Charlie Amezcua, Mary Brunet (Business Administrator), Ryan Comiskey, Larry Schmidt (Treasurer) and a representative from the Trustees.

 

Greg Roth called the meeting to order at 7:00 p.m., beginning with a prayer by Chris Bowen.

 

Homeless Ministries Task Force Proposal

Paul O’Rear presented the current HMTF proposal.  Questions, suggestions, and discussion were substantial and absorbed about an hour of the meeting.  The Finance Committee thanked Paul for his time and presentation.

 

Approval of Minutes

Chris Bowen moved and Bill Stephens seconded to approve the June, 2016 Finance Committee meeting minutes.  The motion was passed unanimously.

 

Finance Report

Greg reviewed the financial statements for June 2016.  During the month the main checking account balance fell by $10,629.07 to a new balance of $71,126.55.  The operating fund balance fell by $5,055.07 to a new balance of $55,448.66.

 

Year-to-date (YTD) pledges and gifts were $418,270.43, which is 100.73% of the YTD budgeted amount.  Total YTD income was $475,285.99, which is 101.35% of the YTD budgeted amount.  YTD total expenses were $448,595.17 which is 94.41% of the YTD budget amount.  Overall, YTD total income has exceeded YTD total expenses by $32,912.95.

 

Tokasa asked if the Fijian Community will be solely responsible for half the cost of their newly appointed Associate Pastor.  The other committee members responded that they believe the answer is no.  They believe that the half-time cost of the pastor is included in the overall FUMC budget and the other half will be paid by the California-Nevada Conference. 

 

External Review of Financial Statements and Internal Controls   

Mary and Greg will be meeting with Goranson & Associates (accounting firm) on July 18th to discuss this external review. 

 

Fall Stewardship Campaign Committee

Greg proposed that the Finance Committee begin recruiting members for the Stewardship Campaign Committee.  The Finance Committee members discussed several candidates, including some who might be asked to chair the Stewardship Campaign Committee.  It was agreed that the new chair should not be a staff member.  After the Finance Committee selected several people who might chair the Stewardship Campaign Committee, it was agreed that Greg would begin contacting them.

 

Shift Discussion

The Finance Committee briefly discussed a new annual report that will be provided to Church Council.  (All FUMC committees and commissions are required to provide this new annual report to Church Council.)  This report will include (at least) one committee goal and committee benchmark related to the Shift book that the pastors have adopted as a strategy for invigorating FUMC.  Greg asked the committee members to think about what major goal and benchmark the committee should set to support the Shift strategy.  Greg invited the committee members to attend the upcoming two-day Shift Workshop, which will take place in September.  The workshop will be led by Dr. Phil Maynard, the author of “Shift: Helping Congregations Back into the Game of Effective Ministry.”

 

The meeting ended at 9:30 with a prayer by Bill Stephens.

 

Next meeting: 7:00 p.m. August 10, 2016, Carriage House

 

Respectfully submitted by Heather Young.

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Wed, 07/13/2016 - 19:00