Report from the Finance Board

Budgeted Income and Expense through February 28, 2019

Wondering What our Financial Officers’ and Staff’s Duties Are?

The Treasurer, Greg Lakes, is to keep an itemized account of receipts, disbursements and balances, pay out funds according to the policies set by the congregation or Church Finance Board; inform the Church Finance Board and the membership monthly regarding the state of church finances, and serves ex-officio on that board (“ex-officio” means “by virtue of office.” An ex-officio member is a person who is automatically entitled to a position on a Board, for as long as he or she holds the office in the organization). The treasurer is also the primary signer on our finance accounts. Other signers are the Moderator, Paul Smithson; Chair of Church Council, Jean Boyce and the Co-Chair of the Church Finance Board, Charles Hoffman. The Treasurer is a volunteer position in the church.

The Financial Secretary, Patti Smithson, receives and records members and friends’ payments on their pledges and gifts, provide notices to contributors regarding the status of their pledges twice a year, and serves ex officio on the Church Finance Board. This is a volunteer position in the church.

The bookkeeper, Shirley Carlberg, is not an officer of the church. She is a paid staff and assists the treasurer with many of the duties noted above for the treasurer, BUT cannot sign checks. She does prepare the checks that are signed, reconciles our accounts, and prepares monthly financial reports for Church Council and boards.

The Church Administrator, Dave Kobersmith, is not an officer of the church. He is an employee. He assists the volunteer officers and paid staff that work with the finances of the church, BUT does not sign checks. There are many administrative duties keeping up with the software systems used to track our income from members and friends of Union Church and the accounting software used to track expenses. He keeps track of those software needs. He evaluates opportunities for more efficient and cost effective solutions to tracking our financial needs. He also assists in training when there are transitions in our financial volunteer positions.

Union Church Endowment!

InFaith requires the first deposit to be $25,000, but gifts of any amount can be directed to the fund at any time, through the church or InFaith.

The Endowment Committee has two gifts from our members totaling $15,000 of the $25,000 needed for our first investment. We encourage donations from others at this time! Contact anyone on the Church Finance Board if you have any questions.