REPORT 11E
Finance
Marci Hammel | Finance Director | Download as PDF
The following reports are included here:
- Partnership Fee Received and Disbursed, January 2007—March 2009.
- US National Conference Statement of Financial Position for 2007-2008.
- Global Ministries Statement of Financial Position for 2007-2008.
- Ministers and Missionaries Defined Benefit Pension Plan Fund Activity Report 2007-2008
- Ministerial Aid Benefit Report.
- Independent Auditor Report.
[The reports above are only available in the PDF download]
Partnership Fee Receipts
- The 2008 partnership fee receipts were $833,450.61 compared to $820,300.66 in 2007.
- We ended 2008 at 96.9% of our 2008 partnership fee budget, compared to 95.3% in 2007.
- As of the end of March 2009, the partnership fee receipts were $201,785.98.
- We ended March 2009 at 93.9% of our 2009 partnership fee budget compared to 96.1% in March 2008.
The Partnership Fee Received and Disbursed report shows how the partnership fees were distributed for 2007, 2008, and the first quarter of 2009.
US National
US National Funds ended 2008 with a change in fund balance of a positive $28,476. This is an increase over 2007, which ended with a negative balance of ($130,660). Reasons:
- Proceeds from the sale of one church.
- Acquisition of The Gathering Place Baptist Church (Kettering property in Ohio).
Notes Receivable:
- Partnership fee receipts have decreasedInvestment Losses
The above figures do not include the Pension Administration activity. The US Statement of Financial Position shows the combined changes in the net assets for the past two years.
Global Ministries
Global Ministries ended 2008 with a change in fund balance of a negative ($240,616). This is a decrease over 2007, which ended with a positive balance of $911,135. Reasons:
- Disbursement of Self Denial Offering
- Investment Losses
The Global Ministries Statement of Financial Position shows the combined changes in net assets for the past two years.
Ministers and Missionaries
The Ministers and Missionaries Defined Benefit Pension Plan Fund Activity Report shows the fund changes for the past two years. The Ministerial Aid Benefit Report shows the active participants in this program.
Respectfully Submitted,
Marci Hammel