Executive Team Minutes February 2016

Executive Team Minutes February 2016

DRAFT

Prince of Peace Lutheran Church

Executive Committee Meeting Minutes

February 16, 2016

Present: Sue LaGue, Kathy Arveson, and Christina Jobe

Absent: Pastor Chad Brekke, Tim Marker, and Julia Sevald

A quorum was not established for this meeting. Therefore, no motions were made or approved.

Reports of Officers:

President’s Report: None

 In Julia Sevald’s absence, Kathy Arveson discussed the Treasurer’s report.

Treasurer’s Report:

  • For the month of January, receipts were higher than expenses.
    • The general/building fund activity for the month was a gain of $3,955. This is favorable to budget by $8,146, but unfavorable to prior year by $7,941.
    • Total January offerings were higher than budget by $2,102 but lower than prior year by $9,767. Other receipts for January were also higher than both budget and prior year, mainly related to building use income.
    • Overall, expenses are lower than budget and higher than prior year. The favorability to budget is mainly related to reduced gas & electricity costs as well as timing of benevolence payments.
  • The general fund cash balance available for use is $75,510 at the end of January.
  • There were no designated funds with significant activity in January.

Secretary’s Report: None

Unfinished Business:

  • None

New Business:

  • None

Action Items:

  • None

Respectfully submitted,

Christina Jobe

Council Secretary

 

 

 

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