Update from Finance & Planning
January donations
still reflect
downward trend
By Ronald
Kelly
I
n the Finance & Planning Office each month we hope to see a reversal of the decreasing donation trend we have been experiencing the past several years.While hope always springs eternal, reality is what we have to live with. As we close the book on the first month of a new year, we received just over $1.25 million in regular mail donations. Last year, we received $1.43 million in January. Thats about a 12 percent decrease.
When we add special offerings and other sources of income, total income for the month was about $1.6 million compared to $1.75 million for January 2000.
Accurate picture
I pray that reporting these figures does not cause you to be discouraged. It is our intent to be open and forthright so that all of you will have an accurate picture of church finances. In that light, I certainly want to thank the thousands of you who have placed financial stewardship as a high priority in your life. Sharing the blessings you receive so that the work of your church can move forward is something we all appreciate so much.
From time to time people ask me, "How do you like your job as church controller?" I have a ready answer, "Well, if we had an annual income of $40 million, I would have the best job in the world." However, our income last year was $31 million.
Now that doesnt mean I dont enjoy my job. For I truly do. Its just that we had expenses of more than $34 million last year, so juggling the expense budgets and dipping into the reserve fund are constant realities. It would really be exciting if in the future sometime we could actually increase departmental budgets, provide pay raises to pastors and have significant funds available for local outreach and evangelism. That is my regular prayer.
However, as we prepared our 2001 budget, we continue to allocate funds from the reserve account to maintain our current level of ministers, employees and congregations. And we keep looking for the completion of the property sale so that we can earnestly begin our reorganization plan.
Property sale
Last year at this time, it looked as though that sale would have been completed by now. But these things have a life of their own, and a sale of this magnitude has many complicated twists and turns.
One major milepost in the sale was the preparation and release of the environmental impact report. That has been competed, and as I write this column the public is having opportunity to comment on the report. The city commission will then review public concerns and hopefully resolve any uncertainties that are raised.
New office facility
If all goes well with city planners and the developers, we look for a close of escrow sometime between late April and the middle of the summer months. In the meantime we are continuing our search for a new office facility to house the international headquarters of the Worldwide Church of God. Those plans are coming along, but of course we cannot enter into a final contract to purchase a new building until the close of escrow on our current property is secured.
Please continue to pray with us that we will have favor in the sight of the city leaders and the neighborhood homeowners that we all may work together for a successful completion of the sale and the redevelopment of this property that will benefit the city and residents.
Statement of Income and Expenses for
WCG and PTM combined for January 2001
For the Month For the Year-to-Date
Income
Mail Income $ 1,259,451 $ 1,259,451
Festival offerings 163,536 163,536
Other income 178,299 178,299
Total income 1,601,286 1,601,286
Expenses 1,980,673 1,980,673
Net gain (loss) to bank reserves $ (379,387) $ (379,387)
Copyright © Worldwide Church of God, 2001