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Finance Ministry
Nathan Bochmann
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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
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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
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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
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2012 Mid-year Review
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)
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2012 Mid-year Review
• 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
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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
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Goals
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)
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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 GodOctober 19, 2010- Lost job
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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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