Metropolitan Community Churches
Board of Administration Conference Call
Present
Stephen
Harte (Secretary)
Barb
Crabtree
Marvin Bagwell
Julie Krueger
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 and sharing
The Moderator opened the meeting in prayer and the Board and colleagues shared how they were.
2. Minutes of last meeting.
Due to email delays in circulating the drafts these will be adopted at the next meeting.
3. Financial Matters
The Executive Director spoke to initial December year-end financials that had been circulated. We collected a little over 13% in tithes despite budgeting to receive 14% (and 15% from some Churches). This resulted in an income deficit on tithe income. We lost around $42,000 from Regional Conferences despite having budgeted to receive a surplus. Some of the deficit (around $20,000) is due to currency losses due to the fall of the dollar since the budget was adopted. The fee set for all conferences was insufficient to cover the costs. The net deficit for all Conferences (not just Regional) in 2006 was $51,600. The total deficit from Conferences and tithes is around $200,000. Clergy license and ordination income was also less than budgeted. An income deficit was incurred on clergy intensives and the ED recommended that we either increase the fee significantly or change our model. A further income deficit was incurred on development income. Expenditures came within budget, but an overall deficit is projected due to the income deficit.
The Executive Director recommended, given the above and the potential loss of certain rental income that has been provisionally agreed to be allocated to JOPC, that 2007 budget reductions be implemented. The Board asked the Executive Director to come back to them at next meeting with appropriate budgetary recommendations.
4. Building
The Executive Director updated the Board on
the status of the sale of the
5. Senior Housing Project
The Board agreed to move forward with exploration of a
senior housing project in partnership with Affirmative Equities and invites
them to present a formal agreement for our review and approval.
6. Secretary
The Board appointed Julie Krueger to serve as Secretary to the Board from the beginning of the next call and expressed its gratitude to Stephen Harte for his service over the past couple of years as he prepares to step down from MCC service at the end of 2007.
7. Closing Prayers
The Treasurer closed the meeting in prayer.