Policies & Procedures
Electronic Funds Transfer
Quarterly Letter, October 2017
Dear Church Family,
The third quarter of 2017 has come to a close for our church programming and financial stewardship. What was forecast as a busy period, exceeded expectations with numerous events and programs. The third annual Block Party, September 17, was a huge success with fun and food enjoyed by everyone. The Youth Group kick-off occurred on September 24th with over 30 teens participating. Another season of Small Group study and fellowship began in October. “Wednesday Night Suppers” was introduced on October 18th. And, of course, the Holiday Season is just around the corner.
By the way, don’t forget to circle February 23 & 24th for the “Willy Wonka Kids” musical. You won’t want to miss this amazing display of Eaton Rapids talent, directed by our very own Brenda Austin.
As we reported in July, the 3-year “Reaching Up/ Reaching Out” capital campaign was a huge success with 98.6% of the pledges received when it came to a close on June 1. Again, thank you for your faithful giving! However, as planned, to complete the projects associated with that campaign, including steeple, roof, parking lot, and front façade repairs, the church was required to take out a mortgage the balance on which is currently, $250, 108. To help pay for those projects and to reduce the mortgage, you can mark your gifts “Mortgage” or “Reaching Up/Reach Out”. Gifts marked to the “Building Fund” will help too, but are available for all capital needs at FUMER.
Here are your financial highlights for the third quarter:
*Giving toward the budget as of 9/30/17 was $312,818. This continues a trend of increased giving, which began in 2015, and ahead of our 2016 pace.
*Expenses through 9/30/17 were $308,446, generating an excess of $4,372.
*The Unified Fund Balance continues to be in our desired range at $50,827.
*Small Blessings ended the third quarter with Total Revenue of $219,854 and Total Expenses of $205,038, resulting in a Surplus of $14,816. They ended the quarter with a healthy fund balance of $32,570.
Other items of note are:
*The annual audit was completed by Ray Fluegeman with high marks received accounting accuracy and adherence to policies.
*On September 10 the Endowment Fund Charter changes were approved by the Charge Conference.
*Work on the 2018 budget should be finalized by the end of November.
On behalf of the Finance Committee, thank you for your generosity & support.
Gary Wichman, Chair