Regional Church Council
We are slowly and steadily digging ourselves out of our financial hole! A few items to note in this month’s financials:
- You’ll see on page 1 the Mortgage balance is listed as $12,924 as of 1/31/2019. Treasury Services has shared an update and it is $7,590 as of 2/28/19. That’s tremendous progress! Thanks to everyone who has made additional contributions to reduce the mortgage balance. We are almost there.
- On page 3 you’ll see our Operating Fund is still $116,000 in the hole, but we continue to close the gap. The remainder of page 3 lists the “checkbook” balances of each of our programs.
- On pages 5 and page 8, you’ll see the budget reports for the Regional Office, and Camp Christian respectively. We are running favorable vs budget for both.
- On page 7 you’ll see that we have spent $2,600 of the $12,461 allocated to fill in and repurpose area formerly containing the deep pool. The pool is partially filled in, and we are working on finishing that part of the project shortly, with hopes of topping it off with a sand-volleyball court before summer camp season begins.
Thanks to each of you for your continued support of the Region during this difficult period.
Linked here (below) are the December 2018 preliminary financial statement. These are current under review by the RCC, staff and subject to any adjustments required by audits. You will note that we are getting closer to paying off the mortgage. Any contributions received towards the mortgage received after the mortgage is paid off will be applied to the Keep the Bell Ringing campaign, unless otherwise designated by the donor. Additionally, the THRIVE grant will be returned to the Lilly Foundation in January. Thank you for your continued generosity in support of the Christian Church in Ohio.
LINKED HERE is the Statement of Financial Position report for July 2018.
Page 1 summarizes all three sections of the report, so it really looks good. But remember it contains an investment for THRIVE that we will pay back to The Lilly Foundation in January. Page 1 also lists other investments, and our fixed assets, such as land, buildings and vehicles. So the $2.6 million balance at the bottom of page 1 represents a lot of value, but not much available cash.
Pages 2-4 is a report on the Regional Office, or regional operations. Pages 5-7 is a report on Camp Christian. And, pages 8-9 is a report on the money we are holding for THRIVE to pay back to The Lilly Foundation in January 2019.
As has been announced our Regional Assembly will be on Saturday, October 6, 2018, from 10:00 am to 4:00 pm. The location is Gender Road Christian Church, 5336 Gender Road, Canal Winchester, Ohio 43110. The registration information will be forth coming.
There is one Resolution the Regional Church Council recommended, at their meeting on July 28, 2018, to be forwarded to the Regional Assembly for consideration and action. You will find that Resolution linked above this message.
Called Regional Church Council Meeting
Saturday, July 28th
Download Documents for the Meeting:
LINKED HERE is the Statement of Financial Position report for May 2018. Remember: page 1 is a summary of three reports; pages 2-4 is the CCIO Regional Office report; pages 5-7 is the Camp Christian report; and pages 8-9 is the THRIVE (Lilly Grant) report—the funds reported in the THRIVE report we will hold as custodian until January 2019.
LINKED HERE is the 9-page copy of the April 2018 Statement of Financial Position.
Click the links below for the Documents referenced in the 4-21-18 Minutes:
Regional Update from the Moderator
Posted February 16, 2018
Full Statement of Financial Position
Posted January 31, 2018
Click the links below for the Documents referenced in the 10-28-17 Minutes: