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Special Statement to the Region: Regional Finances

With various negotiations completed and a better sense of where we stand, the Executive Committee can share an update on Regional finances. try free demo The Executive Committee and Regional Board are committed to being  transparent with regular updates to congregations of the Region. The following are key current facts:

  • The Region continues to pay compensation to our former Regional Minister through the end of October precluding any plans for Regional search and call or interim placement at this time.
  • We are grateful to the General Church and the Regional Church of West Virginia for their support and guidance during this time of transition.
  • To date all known outstanding bills have been paid. Discretionary spending at the Regional office has ceased for the present time.
  • Our goal is that each event and ministry of the Region will be self-sustaining.
  • The Camp Laurelview Task Force has done a commendable job working to make Laurelview self-sustaining in keeping with that goal.
  • In addition, through the benefit of the Nordmont Fund our camp ministry at Hartman Camp similarly ended its season.
  • DMF funding is down about 5% over the same period in 2013.
  • There is no approved Regional budget yet for 2014. There also were no approved budgets for 2013 and 2012. The Regional Board has held steadfast in not approving unbalanced budgets.
  • The Region continues to have an outstanding line of credit with Disciples Church Extension ($50,000.00) with only interest being paid for the past three years. Until repaid the line of credit is no longer accessible.
  • Profit and Loss Statements (P&L) indicate a present deficit of $18,000.00 for the period of January-July, 2014; however, July’s P&L showed a net profit of $4800.00, which is a hopeful indicator. 
  • A balanced budget for 2014 will be ready for the Fall Regional Board.

The Executive Committee and Regional Board seek your prayers and continued DMF support. Both are needed as we attempt to discern God’s future for our Region. We are extremely appreciative of your patience and support over the past two tumultuous months. Specific financial questions/suggestions/concerns are welcomed. Please feel free to call the Regional Office at 724-834-5023 requesting a return call from a member of the Executive Committee.