Building Relationships
with People in Christ
March 13, 2017 Finance Committee
Meeting (H)
I. Items to be included in
Session's consent agenda
Ø None
II. Items to be voted upon
or needing discussion by Session
Ø Request Session reconsider the
establishment of a separate fund for supplies (food and/or paper ware) for
funerals - see D. below
Ø Office Manager, Sharon Schroer's,
online banking proposal - attached
Ø CE request to have K-12th graders fill
"Rice Bowls" - containers to
collect money to provide food for orphans in developing countries - 4/23-5/28 -
go to ricebowls.org for more information.
III. Items for information
only
Ø None
Members absent: Barry Holmes & Ed Ingram
*Bill opened
with prayer
A.
Endowment
Committee – Don Young and Linda Schumacher will get together to create
something for the Welcome Screen about Endowments
B.
Financial
Secretary Report – nothing to report
C.
Treasurer
Report - Don Y. made a motion to approve Treasurer's
report as presented. Bill M. seconded - Committee approved
D.
Paul
L informed us that the Session did not want to establish a separate fund for
the Fellowship Committee to use to provide a reception/lunch for funerals –
·
After
some discussion, the Finance Committee agreed that they would like for the
Session to reconsider this decision.
Families often make a donation that is designated specifically to help
pay for the expense of providing a reception/lunch. When these funds are put in the general food
fund, those monies can be used for any church event involving food so what has
been happening is that there are no funds there when the next funeral lunch is
needed which puts a bigger burden on the Fellowship Committee to find people
willing to donate food.
·
If
the Session approves the establishment of a separate fund for expenses involved
in providing a funeral reception/lunch, the Finance Committee recommends
transferring funds from 28100, 28105, and 28401 into it
·
If
the Session does not approve the establishment of this separate account, the
Finance Committee will instruct Paul to transfer the money in these accounts
into the general Food Fund
E.
Paul
also explained that if there has been activity in an account this year, then
that account cannot be deleted even if we do not plan to use it this year
G.
Online
Banking proposal from office manager, Sharon Schroer was discussed. Paul shared that a study he saw recently
showed that the cost to process a check = $10 when you include time involved
and postage – Sharon's estimate indicates we can process at least 20 checks for
that amount online..
H.
C E would like to have K-5 collect funds for the Rice Bowl
organization - 4/23-5/28. It was the
consensus of those in attendance to recommend approval of this request.
I.
Next
Meeting is April 10, 2017 - 6:30 p.m. (Paul will be in PA but he can still be
called that evening)
J.
Information
to be included in newsletter:
Information about Endowment Fund, continue to solicit someone to take on
Paul's responsibilities and importance of paying per capita
Sandy closed the meeting with a prayer
Respectfully submitted,
Linda Schumacher