Finance

Prepare for a Change

After a very successful 8 year run, the “Building Fund” will acquire a new name.  Beginning in July the CAPITAL FUND will reflect previous Building Fund activity and designated monies received against the “Continuing Our Courage” commitments.  This change will affirm the campaign’s purpose of utilizing all monies for debt reduction expenses during the next three years.

Also, in July new giving envelopes identified for CAPITAL FUND will be distributed to families and individuals who made commitments to the “Continuing Our Courage” campaign.  This will allow all contributions to be properly credited.  CAPITAL FUND envelopes will also be available in the pew racks for casual contributions.

The Finance Committee annually compiles a complete budget for the church, coordinating with the Stewardship committee to raise sufficient income to meet our budgeted obligations.  Throughout the year, the Finance Committee oversees the Treasurers' activities, including our contributions, investments, and expenditures.  Typically, the Finance Committee meets on the third Monday of each month at 7:00 p.m.

Our annual budget has continued to grow along with the rest of our church's activities.  The 2006 budget is balanced only by including a portion of our opening balance from past years, so we really need and appreciate your contributions.  However, we foresee with confidence that all operating expenses, apportionment payments and mortgage obligations will continue to be paid on a timely basis. Farmington First United Methodist Church is proud to have been recognized for many consecutive years as a "spotlight" church because in addition to paying 100% of our apportionments, we've also consistently support a variety of other United Methodist programs and charitable causes.  Thanks for making this happen!

If you have questions about the Finance Committee, here's who to contact:

	If you have a question about your own donations or giving records, please contact Lisa Gillary, the Financial Secretary.
	If you want to request a payment, complete a blue check request form, have it signed by the appropriate person (which varies depending from which account the payment is taken), attach the invoice or other appropriate documentation, and place it in the "check request" folder in the mail drawer of the church office.
	If you want a report run for any accounts that you oversee, please give a written note to Michael Weddell, one of our Treasurers, or leave a note in the "Treasurer" folder in the mail drawer of the church office.
	For other questions or comments related to the Finance Committee, please contact Dean Koppin, the Finance Committee chairperson or leave a note for him in the Finance folder in the church library.