Basic HTML Version
PASTOR GENERAL'S
REPORT
TO THE MINISTRY OF THE
WORLDWIDE CHURCH OF GOD
VOL. 4 , NO. 19
PASADENA, CALIFORNIA
MAY 7, 1982
REPORT FROM THE TREASURER'S OFFICE
May 6, 1982
The month of April was quite trying for the financial area, and for the
treasurer in particular. We had ended March with a 13.8% increase over last
year. As April progressed, the increase seemed to diminish day by day until
in the third week the year-to-date increase was at a low of +8.1%, and the
month to date was a minus 2.9%. The holy day offerings were only 4.5% over
last year. All this when the spending was at an annual rate increase of
about 15%.
On this basis the reserves built up over the last year would be gone before
the end of the year, and we would be operating in the red. Without any
current established lines of credit, this would be a very bad situation.
As a result of this situation, Mr. Armstrong wrote a memo to all department
heads. They are the ones who control, on that level, the expenditure of
funds.
He asked them
II
to put on the brakes on expenditures, short of
reducing" current employees.
we have been overstepping a bit on television and
unusual outlets have opened to us recently, due
evangelists either reducing or being forced to go
We have grabbed these best broadcast opportuni
He further said: "I find
radio commitments. Some
probably to some electric
off the air altogether.
ties, and the broadcast
it
is
GOOD NEWS."
response is increasing considerably. This part of
The very next day things began to improve drastically. During the week, we
received over a million dollars more than the comparable week a year ago.
It was more than double last year's amount.
This changed the picture
considerably so that we ended the month with an increase of 8.6% over the
previous April: and the year to date, with an 11.8% increase. This is still
about 3% under expenditures. Unless income improves, we may have to do much
more than put on the brakes.
We still do not have what I consider to be a minimum national TV coverage,
let alone radio. Increased income
is
needed to provide
this
coverage.
I understand that the number of new donors over last year is way up. This
is a very encouraging sign, but it is not enough yet to take up the slack.
I hope that you and all the members are continuing urgent prayers in this
regard.
--Leroy Neff, Treasurer