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Finance & Stewardship Jan '10

30 Jan 2010
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The Committee reviewed the final changes/corrections that had been made to the proposed 2010 budget after a line by line dissection of every expense at last month’s meeting. December was still in the process of being reconciled so the 2009 bottom line was not yet final but estimates of $134,292 of income and $ 143,854 of expenses were shared for a preliminary net deficit of $ 9,561. It should be noted that the Council approved the transfer to income of $4,769 of yard sale earnings from a prior year several months ago so the true operating deficit for the 2009 operating year was higher by this amount.

We discussed the desire to have someone investigate the potential of more fully utilizing Church Windows (the church database) for additional financial functions and reporting. Richard volunteered to assess these possibilities over the coming weeks on behalf of the Committee.

We also discussed the pending retirement (effective w/ the Annual Meeting on Feb 14th) from the Committee of George Bowen & John Rodehorst, which will be a great loss of wisdom, work & wit! to the Committee. They have both subsequently agreed to help the Treasurer (Ellen) with the reconciliation of the monthly close as well as count the offering on a weekly basis. Thank you!! 

That said, the Finance Committee needs 1 new member ASAP and a 2nd by summer when the busy half of the year begins.

George offered to prepare summary documents for the audit, scheduled for Saturday Jan 9th. If it goes well (it did) and Financial Meeting documents can be prepared off-line (they were), the Finance Committee will get a well deserved break from a Committee meeting in February!

The next meeting of the Finance Committee will be Tuesday March 9th, where we will:

  1. share usage and assessment information about Church Windows;
  2. review Jan & Feb (at least draft) results; 
  3. confirm that there is consistency of account names & amounts in the 2010 Budget and the Treasurer’s monthly report documents and; 
  4. discuss the efficacy of investing some of the Building Fund (> $100,000) in safe short-term securities.

Respectfully submitted,
Kathy Cadigan, Chair
Present: Ted Zimmerman, George Bowen, Richard Ford, Kathy Cadigan, John Rodehorst (& Gerry Caro by phone)
January 6, 2010

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