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PASTOR GENERAL'S
REPORT
TO THE MINISTRY OF THE
WORLDWIDE CHURCH OF GOD
VOL • 5 , NO. 2 7
PASADENA, CALIFORNIA
REPORT FROM THE TREASURER'S OFFICE
July 6, 1983
JULY 8, 1983
We have completed the first half of 1983 with an increase in income of 12.5
percent over the same period last year. The month of June was 16 percent
more than last year. We are pleased that this is several percentage points
above the budget estimates of last December. It is always a lot nicer to
have a little more than planned than to have less. As a result, we have
been able to make numerous budget realignments and have increased the
television and radio time buying budget for the last half of the year. We
are also increasing the utilities budget to take care of the larger-than
expected increases this year. The income and expenses do not permit cost
of-living increases this year.
Thankfully, the increase in the cost of
living is only about one percent since the last such raise.
You may have read �hat the U.S. Congress h�s passed a new. law concerning
social security which becomes effective January 1, 1984. This law requires
all our employees, except ordained ministers who have filed for exemption,
to pay the social security tax. For 1984 this tax will be 6.7 percent of
income, up to a maximum pay-in of $2,392. In addition, the Work must also
pay seven percent.
In effect, this tax would cut each person's income by about seven percent.
For some employees, such a decrease might create serious financial
problems, and it would be quite a reduction for everyone involved. It is
our ho f e, not a promise, that an appropriate increase for salaries can be
built into next year's budget
to
compensate for this tax. Since a salary
increase to cover this would also have to cover other taxes and tithes, an
increase of several more percentage points would be necessary.
We are trying to hold back a little on expenses during the last half of the
year to partially offset this expense. If departments do as well in the
expense area during the last half of the year as the first half, we will
possibly have a good start toward this new multi-million dollar annual
expense.
AMBASSADOR COLLEGE UPDATE
(Pasadena campus)
--Leroy Neff, Treasurer
Summer classes, and the Continuing Education night courses are now under
way. Within one week we expect to welcome about 90 Japanese students on
campus where they will be studying for a few weeks.
On the 4th of July, ten A.C. students left Pasadena for the People's
Republic of China. They were accompanied by Mr. Ralph Levy, a member of the