The Glen Waverley Uniting Church PSALTERLink to FinanceCommittee
Final 7 December 2022 Glen Waverley Uniting Church.
Finance committee Meeting – Saturday 11th December 2022
Meeting Commencement time: 9.30 am at Coutts Household 7 Garden Court Wheelers Hill.
Prior Matters / Update:
Agenda Items:
Circulated Xero Accounts P & L and B/S Updated as at end of November 2022 and look okay.
- Circulated the new Suite of Financial Statements under Executive Summary for November and YTD.
- Expect we will incur a Deficit of something like $20,000 for 2022 being operating Deficit of $17,000 then the expense re the Annual Leave and the bringing of losses to U ethical Growth fund of say $6,000
- Welfare and “Where are We re 2022 and 2023” Andrew advised still await the Tax-Free Status
- Ministry Team and 5 Year Budget issues – Warren and Ken discussed.
- Budget Processes for 2023 Completed after Nov congregation Meeting – No issues from the various Groups.
- Xero conversion – Completed/ Cancelled MYOB Back up. Reports now standardised.
- Review of Office Approvals and Processes (Finalised).
- Review of Endowment Account – “The Way Forward” has been updated and have sent with Recommended Actions to Church Council and Finance Committee and approved for implementation. We will do in early 2023.
- Investment Strategy – Next steps!!! (Still problems re Transfer we now know the issues)
- Offering and giving issues – Congregation Meeting – Next steps – Program and Brochure.
- GST Returns and Update (Matt) – Done .
- U-ethical Cash Management and Growth – Accounts and Reconciliations
- Growth Fund – losses (bring to Account in December 2022
- Mission and Service for balance of 2022. Issues and Actions re Church Council and Presbytery in October/ November 2022 and Issues re 2023 - Done.
- Provision for Deferred Maintenance- Discussions and Confirm for 2022- Done.
- Update re Bequest and Actions issues (progress) re Gwenda Henry and Marriott and Falconer
- Property Issues re Air-conditioning and Television etc. Done still a final claim amount likely to receive in Feb 2023.
- Manse Allowance Issues re Neil and Lyn Peters – done and finalised.
General
- Other Items;
- Next meeting – Can we do a second week of February 2023- Yes .