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PASTOR GENERAL'S
REPORT
TO THE MINISTRY OF THE
WORLDWIDE CHURCH OF GOD
VOL.8, NO.l
PASADENA, CALIFORNIA
JANUARY 10, 1986
REPORT FROM THE TREASURER'S OFFICE
Here is good financial news!
After struggling unsuccessfully most of the year to meet our income
budget projections of 12 percent increase, December ended considerably
above budget. We had a low in April of only a 3 percent increase, and
for eight months of the year, we were below the income budget. Two
months ago it looked improbable that we would meet the budget by the
end of the year.
Conditions improved; so a month ago there was a
glimmer of hope that we might possibly meet it. December removed all
doubt with an incredible 41.8 percent increase over December 1984.
That ended the year with a 13.1 percent increase over last year.
There were several factors involved. We were comparing this December
with a comparatively low December last year, which was only 1.4 percent
more than the previous year.
The major factor which gave such an
excellent percentage increase this year was the response to Mr.
Armstrong's recent co-worker and member letters. The members' and co
workers' response was the best we have seen in many years. There was
an �rgent need, Mr. Armstrong explained, and the response was
incredible!
We here at Pasadena wish to thank all of you for your generosity and
sacrifice in this time of need.
In spite of such a fine increase, the expenses outpaced the income. As
mentioned in my previous reports, we exceeded the expense budget in
order to take advantage of new and unexpected television station offer
ings. This cost a lot of extra money for station time and produced
unprecedented requests for literature.
This caused over-budget
expenses in the Mail Proc·essing Department.
At the time of this
writing, it appears that expenses will exceed the income by almost l
percent for the year. We hope to recover that and add much more to
needed reserves in 1986. This should be possible as a result of a very
stringent no-increase budget for most departments.
When we have a very good increase in income, there often is a marked
decrease over the next month or two. If this happens in January and
IN THIS ISSUE
From the Treasurer's Office • • 1
From Church Administration • • 2
From Editorial Services.
• 6
Mail Pr � cessing Update • • • • 7
February, we could be back to the
same difficult condition we were
in. Please pray with us that this
will not happen, and that we will
have an
excellent year finan
cially. If so, the pace of God's
work will be increased.
--Leroy Neff, Treasurer