Metropolitan Community Churches
Board of Administration
Conference Call
Friday 8 December 2006
Present
Stephen
Harte (Secretary)
Barb
Crabtree
Marvin Bagwell
In Attendance
Rev Dr
Cindi Love, Executive Director
Rev
Elder Nancy Wilson, Moderator (for part of call)
Connie
Meadows, Assistant to the Moderator
1. Opening Prayers
Julie Krueger opened the meeting in prayer.
2. Minutes of last meeting.
Adopted by consent.
3. Financial matters
The Executive Director spoke to the Financial Reports that had been circulated. Cash flow as always remains tight. Controls were being placed on Amex usage. One loan note which was expiring at the end of 2006 has been renewed for another year. Property expenses have had to be paid out of operating expenses due to lack of reserves in the JOPC account. Income from resource sales is still less than project but the quality of the new resources that are coming online is excellent although resourcing travel for training support for these is likely to be challenging in the first quarter. Tithes are coming in just $30,000 less than projected. The Moderator’s assistant was thanked for her hard work in helping clear up back tithe issues. The Executive Director projects a deficit of $182,000 at year end, although this will depend on the level of giving in the final weeks of the year. Expenses remain tightly monitored. The Board reviewed the future financial options.
4. Property Matters
Property matters were discussed. The Board discussed the proposal of MCC LA to split the site and in particular the financial, legal and practical challenges arising from this proposal and the current offers to purchase the whole site with a lease back of the MCCLA site to MCCLA for an agreed period.
5. Closing Prayers
John Vespa closed the meeting in payer.