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PASTOR GENERAL'S
REPORT
TO THE MINISTRY OF THE
.
WORLDWIDE CHURCH OF GOD
VOL. 7, NO. 36
PASADENA, CALIFORNIA
REPORT FROM THE TREASURER'S OFFICE
SEPTEMBER 6, 1985
Two thirds of 1985 is now history. Except for unexpected changes, the
financial trend could be set for the year. We pray that is not so, and
that the trend will make an upward change for the rest of the year.
August produced an increase of 9.2 % in income -- for the Church in the
United States -- over last August.
As
this is lower than the overall
average, our year-to-date figure dropped a little during the month to
11.9 % more than last year.
The expenses for most departments are slightly below budget. The Media
Purchasing area is considerably over budget because of new stations.
The Mail Processing area is on an upward trend that will continue for
the rest of the year, requiring an increased number of booklets to be
printed. Present projections indicate that these two areas will exceed
our overall budget for the year by 2 or 3 %.
IR THIS ISSUE
Treasurer's report • • • • • • • l
From Ministerial Services • • • 2
Spanish report. • • • • •
.3
Media Purchasing update • • • •
s
From Editorial Services • • • • 6
Mail Processing update •
.7
Unless there is an upward increase of income during the remainder of
the year, we will have from 2 to 3 % less in our cash reserves than at
the end of last year. We are thankful to God that the financial •cruse
of oil and barrel of meal• have not been depleted, even though the
reserves have been low since late in 1983.
The month of September, especially the last half, is projected to be
the low point during this year.
In fact, it is expected to go
•negative• for awhile, which will make it necessary to borrow funds
from Church reserves in Canada to carry us over this difficult period.
Everyone in the Church is surely aware of the tremendous increases
during the last few years in television coverage and magazine circu
lation. This month's circulation of The Plain Truth exceeds 8 million,
not including The Good News and Youth 85. All this necessitates allo
cation of additional amounts from the budget. You could say that we
have been investing these amounts in •sowing• the seed. At the same
time we have been allocating only slight increases to the •reaping"
that follows the •sowing.•
Hopef-ully more can be allocated for
•reaping• in the future. This includes the handling and processing of
responses, requested follow-up booklets, more ministers to respond to
visit requests and many other support functions.
e INSWoridwfdeChwchofGod