From Your BRF UMC Finance Committee
This June 2023 Update will give you the status of Church finances through the first four months of 2023.
We started out the year with a balance in our general fund account of......$22,687.63
We have had income over the first 4 months of.................$59,774.80
We have had expenses over the first 4 months of..................$54,856.14
Balance in our general fund account as of 04/30/2023 was............$25,777.74
We are maintaining expenses versus income for the first four months of 2023 as you can see we still have a segregated “Building Fund” Account locally of .......$7961.23
We do not use this building found account without request from Trustees. This is an account
that we maintain, should a future Capital Project be taken on in the future.
We hold an account at the WI Methodist Foundation. The current balance on that account is
$138,422.92. This was money that we had following the sale of “Our Church Parsonage” some years ago. WI Methodist Foundation invests this money for us. We can only use this money to either buy a new parsonage or assist in paying a housing allowance to our Pastor. We use a small percentage of this money each month to help fund the Housing Allowance we pay to our Pastor.
We did not have a Finance Committee Meeting in April. We held a Finance Committee meeting 05/15/2023. At that time, we discussed current financial situation. We are in good shape through 4 months. It was recommended and approved that we pay $3500.00 towards our apportionments for 2023. We had knit made any payments up until now. We have a better handle on what our accountant needs to get us the monthly reports by the 10th of each month.
This should help us to have more timely Finance meetings in 2023. Adam Bantell will be on
vacation with his family for the month of June. Howard G will be taking Adam’s place to count and input donations.
We ask that you continue your pledges and offerings so we can continue to serve our Church members and our community.
Thank you again for all that you do.
Howard Gomer - Chairperson