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Finance Ministry

Finance Ministry. Nathan Bochmann. Objectives of Finance Ministry. Clear and open communications on financial health of the church Accountable Understand fiduciary duty to members Support all ministry areas Assist in planning for future. Duties of Finance Ministry.

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Finance Ministry

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  1. Finance Ministry Nathan Bochmann

  2. Objectives of Finance Ministry • Clear and open communications on financial health of the church • Accountable • Understand fiduciary duty to members • Support all ministry areas • Assist in planning for future

  3. Duties of Finance Ministry • Count and deposit weekly contribution • Pay the bills • Make journal entries to document transactions • Prepare financial statements and present at monthly meetings • Prepare annual budget with input from deacons and elders • Plan for future

  4. Members Involved • Tim Steele – Corporate Treasurer • Bob Burd and Bob Messer – sign checks, review financial reports, ask questions • Rosea Elliott – counts weekly contribution, inputs accounting entries into software, fills out checks, aggregates receipts/invoices • Nathan Bochmann – monitors bank accounts prepares financial stmts, present at monthly mtg • Junior Morgan – counts weekly contribution • Royce Hammitt – can sign checks in case Bob & Bob are gone

  5. Contributions: -Thru 5/31/2012: Restricted contributions of $2,039 Operating contributions of $63,723.41 $65,762.41 / 22 wks = $2,989.20 -Budget for operating contributions was $3,100 per wk: $3,100 X 22 weeks = $68,200 - Negative Change in Net Assets of: $2,438 (65,762 – 68,200) Expenditures: - Thru 5/31/2012: Restricted expenditures of $2,039 Operating expenditures of $52,547 -Budget for operating expenditures was $3,100 per week: $68,200 (22 weeks X $3,100 per week) -Positive Change in Net Assets of: $13,414 (68,000 – 54,586) 2012 Mid-year Review

  6. Shared Services - $4,011.81 Benevolence - $1,571.01 Communication - $1,524.23 Education - $703.55 Encouragement - $227.13 Evangelism - $29,096.72 Facility - $828.41 Family Life - $0 Involvement - $25.87 Fellowship - $773.61 Missions - $4,050 Worship / Technology - $279.86 Young People - $3,412.69 Building/Opportunity - $6,042 2012 Mid-year Review

  7. ACoC Current Works • Provide support for Mike Richardson • Provide support for Sue Foster • Teen mission trip to Alabama/ Work camp • Support Women’s retreat • Support Vacation Bible School program • Replaced lift chairs on steps • Support Full Time Evangelist

  8. Short-term Document processes (how contribution is counted and deposited) Introduce a form and process for expenditure reimbursement 2013 Budget process Support ministry areas Long-term Upgrade accounting software Assist in planning for future Look for outreach opportunities (hold Financial Peace class) Goals

  9. Testimony on finances • Keeping up with the Jones’ • Struggle with giving that item over to God (God will provide) • Can’t have one foot with the world and one with God • October 19, 2010- Lost job

  10. What I Have Learned? • Totally invested in this walk with Jesus. • Jesus does not want a commitment that only expects blessings. He wants a person that considers what expectations he (Jesus) has for his followers.

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