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PASTOR GENERAL'S
REPORT
TO THE MINISTRY OF THE
WORLDWIDE CHURCH OF GOO
VOL. 3, NO. 2 8
PASADENA, CALIFORNIA
REPORT FROM TREASURER'S OFFICE
JULY 10, 1981
Hopefully this will be the first of many regular monthly reports for the
Pastor General's Report from this office. You have been reading regularly
about the financial affairs of many of our International offices, but
almost nothing about financial affairs for the United States.
God has blessed the Work in the U.S. with a substantial dollar increase this
year. For many years the income was about the same from year to year, but
for the last couple of years or so, God has been sending a healthy increase.
So far this year, the percentage of increase over last year has fluctuated
up and down from the teens to mid-twenties. At the end of June the increase
for the year to date was exactly 19%.
It is still a long way from the
approximately 30% that God gave us for many years.
We are praying and
hoping that God will increase the amounts back up to that point again soon.
Mr. Armstrong has been saying that when we please God He will send the
increase, but when we do not please God, He will not give the increase. Now
that the Church is getting back on the track and beginning to please God, He
is again blessing in a financial way.
I believe that the Work is in a more sound financial condition now than it
has ever been. I am grateful that it is that way because if it were still
like it was most of the last several years, my task would be much more
difficult and traumatic.
As a result of the increased income, we have not had to resort to any bank
borrowings. Instead, we now have good bank balances, and nearly all of this
money is drawing interest at about 15% to 17%.
The increases that we are receiving will not just sit in the bank; they will
be used. Already Mr. Armstrong has approved a large increase of budget to
the major supermarket newsstand program. Also, he has more recently given
a go-ahead for increasing the radio and television budgets in order to pay
for anticipated station additions. Before the year is out, I am sure you
are going to see a great improvement in media coverage such as we have not
had in many years.
Mr. Armstrong has also approved general salary
increases, which was announced this past week to the ministers and wives
attending the refresher program. We expect to implement this just as soon
as Mr. Armstrong goes over the proposed salary list.
The 1980 annual audit by the Arthur Andersen Co. is all but finished. We
have gone over this audit very carefully in several long meetings with
them. It is a little shorter than last year's audit, with fewer and shorter
footnotes. The audit shows an improved financial condition over the 1979
audit. It is expected to be a straightforward standard, unqualified audit.
I hope that this report is encouraging to you and to the Church. Please
continue your urgent prayers that God will provide the financial needs and
quickly complete the Great Commission with a final "loud shout"!
--Leroy Neff, Acting Treasurer