Attendees: Pastor Moore, Steve Litz,  Bill Zwickl, Steve Dymond, Brad Smith and Keith Williams

  1. The February financial statements were reviewed.  In comparing the Income Statement to year-to-date February 2009:
    • General giving is up 26.12% ($74.931 vs. $59,413).  This is misleading, as 2010 reflects 9 weeks of giving, while 2009 reflects 8 weeks of giving.  A more comparable analysis would be:
      • 2010 2009 Var
      YTD Unrestricted Giving 74,930.81 59,412.53
      Less: Last week of February 2010 (9,656.75) -
      Net YTD Unrestricted Giving 65,274.06 59,412.53 5,861.53 9.87%
      2010 2009 Var
      YTD Unrestricted Giving 74,930.81 59,412.53
      Plus: First week of March 2010 - 10,623.85
      Net YTD Unrestricted Giving 74,930.81 70,036.38 4,894.43 6.99%
    • Expenses are down by 1.48% (Personnel up 2.66% ($41,307 vs. $40.236), Office Expense up 6.61% ($3,988 vs. $3,741), Property up 27.17% ($11,493 vs. $9,038), Benevolence/ Programming down 31.86% ($6,513vs. $9,558) and Mortgage down 14.69% ($10,703 vs. $12,546)).
    • Unrestricted available cash as of February 28th is $75,035.
  2. The V2011 savings account has a balance of $16,335 as of February 28th.
  3. Council action required – Stewardship is recommending that Council approve placing all expenses relating to Pastor Jami in escrow and the monies remain restricted until an interim and/or permanent replacement is selected. Placing the costs in escrow will provide a true picture of the budget as we move forward.
  4. Brad Smith expanded the ‘temp agency’ concept of listing skills and talents of congregational members to be used for connecting members with committees in need of help with specific tasks/projects. Next steps include: asking committees, office staff, and Pastor Moore for input in expanding the different skills codes to be used in the database, deciding on how to get the information from each member into the database, and begin communicating the concept to committees and members.
  5. A discussion was held regarding the use of Paypal linked to the website to accept donations to the church. For non-profit organizations with less than $100,000 in monthly transactions, Paypal charges 2.2% of the transaction amount and $0.30 per transaction. Cathy provided a chart of net amounts based on several donation levels and $25.00 appears to be the dollar amount that makes fiscal sense as the minimum amount to accept.

    6. Council action required – Stewardship is recommending that Council approve adding a Paypal link to the website to accept donations in the amount of $25.00 or greater to be placed in a newly created account accessed by the Church treasurer for the purpose of moving donations from Paypal to the account.

  6. We are currently waiting for Smith Barney to complete setting up our account into which the Heintzelman Trust funds will be deposited.
  7. Council action required – Stewardship is recommending that council approve the use of money from the Contingency Fund to cover the cost of Pastor Jami’s luncheon.

The next meeting will be on April 12th at 7:00PM.  The meeting was adjourned at 8:30 PM.

Bill Zwickl / Keith Williams
Christian Stewardship