Policies & Procedures
Electronic Funds Transfer
Quarterly Letter, January 2018
Dear Church Family,
As always the fourth quarter of the year went by in a flash. Our Stewardship Campaign was a big success in October with pledges up from the prior year. Giving for the year, exceeded 2016 levels and expenses ended 11% under budget. These positive results generated a small excess which provided a modest increase in the Unified Fund Ending Balance.
Giving towards our recent building project and other building needs were steady throughout 2017. This dedication towards maintaining our church has allowed for major and minor improvements and repairs. Your dependable and generous support has also allowed for additional principal payments to be made, which will shorten the repayment schedule of our new mortgage, while allowing needed maintenance projects to be undertaken before they become significant problems.
Second mile giving was also strong during 2017. Over and above giving to the Unified Budget, you gave an extra $11,348 towards our Hungry World offering, and an additional $12,317 earmarked specifically for support of missions. Giving for the Pastor’s Discretionary fund was $6,335 and giving for work camps totaled $6,438. The Christmas offering amounted to $2,541 donated to the new Eaton Rapids Teen Center. Your involvement outside the church walls continues to be wide reaching. Your generosity is impressive and greatly appreciated.
Here are a few of the financial highlights for 2017:
*Giving towards the Unified Budget was $437,135. This was an increase of 1.4% over 2016 and represented three consecutive years exceeding $430,000.
*Expenses were $435,237, generating an excess of $1,898.
*The Unified Fund Ending Balance was $48,353 up from a beginning balance of $46,455.
*Small Blessings operated with a small deficit of $1,160 during 2017, but ended with a strong fund balance of $16,580.
*The building fund ended the year with total giving of $71,971.
Other items of note:
-The church received a favorable audit report.
-The 2018 Budget was approved in November which provides strong support towards our mission to “Connect – Grow – Serve”.
-The new Endowment Committee held their first meeting under the new charter, January 31, 2018.
-Wednesday Night Suppers are now in their 4th month.
-Children’s Community Theater performances are scheduled for Friday & Saturday, February 23 and 24, at 7pm, in the ERHS Dorothy Merritt Auditorium.
-rightnow Media is now available at no cost to members. Please look for your email invitation for instructions to join.
On behalf of the Finance Committee, thank you for your generosity and support.
Gary Wichman, Chair