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PASTOR GENERAL'S
REPORT
TO THE MINISTRY OF THE
WORLDWIDE CHURCH OF GOD
VOL.6, N0.2
PASADENA, CALIFORNIA
REPORT FROM THE TREASURER'S OFFICE
JANUARY 13, 1984
1983 has come and gone, and I am sure you are interested in finding out how
we did financially in the United States. But before telling you about the
mail and holy day income for 1983, let me give you some information about
the previous two years.
In 1981 we had a very nice increase of 17.1% over 1980. However, when this
increase was adjusted for inflation, it was actually only about a 6.1%
increase.
In 1982 we finished the year with an 11.2% increase, but
inflation cut this back to an actual increase of approximately 4.8%. We
have just finished 1983 with approximately a 12% increase. When this is
corrected for inflation, it was an actual increase of about 8.5%. From
these figures it should be evident that 1983 was a good year and that it
ended with more adjusted increase than either of the preceding two years
and, in fact, was a better increase than we have had since 1969! We should
all rejoice and be th_ankful to God for this increase.
Even though the increase was good, it was not quite as good as we had hoped
it would be. The approximately 17% combined increase for September-October
possibiy caused us to be overly optimisti� concerning November and
December. Those two months dropped back considerably. Some may conclude
that December is normally a low month and this should be expected. However,
this reasoning does not take into account the fact that we are comparing the
same period for the previous year. I realize that the severe weather, which
affected income, and the postal system accounted in part for a lower than
expected income for November and December. But, during this same time,
retail sales around the nation were up considerably, apparently much more
than the income for God's Church.
Even though we had a comparatively good year, the bank balances on December
30 were lower than a year ago. The lower balance is caused by several
factors. We had an extra payroll that normally would have been paid in
January, there were additional expenditures fn some outside services, such
as utilities, and higher than normal or expected year-end expenses. This,
coupled with a lower-than-expected increase for November and December,
brought the bank balances down. It is my opinion that it is very necessary
that they be increased, and we are endeavoring to do our part in holding
back expenses so that bank balances might increase.
We historically have had two very low points in bank balances during the
year, which prior to 1979 were covered by temporary loans. Since we are not
having such loans now, we have to have sufficient balances in the bank to
cover these low points, and hopefully to cover any other temporary emergen
cies.
In December we got into an unexpected low point because of the
problems that I have already mentioned. We are determined to do all we can
to prevent a crisis in this area.