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PASTOR GENERAL'S
REPORT
TO THE MINISTRY OF THE
WORLDWIDE CHURCH OF GOD
VOL.5, N0.22
PASADENA, CALIFORNIA
REP ORT FROM THE TREASURER'S OFFICE
June 3, 1983
JUNE 3, 1983
The month of May ended with a financial increase of 14.6 percent over the
same month last year, which is 0.7 percent more than the increase for April.
The year-to-date increase is now 11.9 percent more. Even though we would
like to see better increases, these are still good, considering the U.S.
economic situation. According to current income and expense projections,
we should finish the year with a small amount added to reserves.
The Pentecost offering in the U.S. came to a 6.6 percent increase when
finally tabulated. The preliminary estimate, based on call-in figures, was
only a 3.7 percent increase, but there were quite a few offerings that were
mailed in, which increased the figure significantly.
The 1982 U.S. and worldwide audits have now been completed by Arthur Ander
sen & Co. Our project manager and two of the partners have had their annual
meeting with Mr. Armstrong and me. The audit has not yet been signed and
printed, but that should be done soon. I am sure you realize that this is
the first combined worldwide audit for the Work, and we are pleased that it
has gone so well. It has been quite an exercise for our accounting staff,
the regional directors and their accounting staffs, as well as Arthur
Andersen.
You should remember a short article and worldwide financial report in
February which was based on our internal monthly reports. I am happy to
report that the audited statement will show more income than this article
stated, due in part to the way the international amounts are translated
into U.S. dollars. Total support and revenue figures were $120,904,000,
and expenses were $116,097,000. It might be interesting to know that al
most exactly one third of the support and revenue was paid out in salaries.
--Leroy Neff, Treasurer
FROM MINISTERIAL SERVICES
International News
Update From the French Office As a footrace bursts into motion upon the
crack of the starter's pistol, so the French phase of God's Work rushes into
what appears to be an exciting summer of growth!
The initial burst of energy comes from an exciting response to a magazine
insert similar to what the German Department used in DER SPEIGEL. We placed
our inserts in the French weekly magazine VALEURS ACTUELLES which has a
circulation of 122,000. To date we have received 6,307 requests for a sub
scription to La PURE VERITE. This is a 17.41% increase in our PV circula
tion in France in just two weeks!
Our next growth booster should be the response to a similar magazine insert
in the Belgian weekly magazine FEMMES D'AUJOURD'HUI. This magazine has a
circulation of approximately 50 7,000.