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Ad Council. Finance Committee ponder financial problems

Posted on Thu, Feb 7, 2013

 The Ad Council and Finance Committee are considering how to best resolve the church's financial problems.

 General offerings are running nearly $20,000 a year below budget. To date, the church has continued to pay all bills by borrowing funds from its endowment accounts, but that borrowing has reached a level that makes it improbable or very difficult to replace the money.

 A special committee of the church's chief financial officers is reviewing last year's budget to see if additional cuts and savings can be made, but they realize that $20,000 can only be cut if the church is willing to eliminate or reduce staffing. Virtually the only line of the budget that can yield $20,000 a year is that which pays for our pastor.

 Certain expenses -- heat and other utilities, office operations, our mission giving to the West Ohio Conference and the Maumee Watershed District -- are fixed and cannot be reduced. Even refusing to pay our mission obligations would not save $20,000 a year.

 The church is already running many of its major programs, such as the church school, on only a few hundred dollars a year. Further cuts in that programming are possible only if we choose to try to run the programs on a 0-expenditure basis.

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