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11
WESTMINSTER-ST. PAUL'S PRESBYTERIAN CHURCH
. NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 1986 -
1986 1985
1, MEMBERS' EQUITY
Balance - beginning of year $ 240,265 $224,333
Increase - cash surplus (shortage) for the year ¢ 2,070) 5,225
- payments of roof loans 8,576 10,707
246,771 _ 240,265
2. INSURANCE COVERAGE
Church
Property of every description 406,000
Liability 1,000,000
Theft (miscellaneous) 1,000
Extra expense 10,000
Boiler 350,000 .
Manse
Property of every description 50,000
3. CAPITAL EXPENSES
Ireland Electric (church) 2,390
E. Renaud - printer (church) 353
Lawn mower (church) 267
Weed clipper (church) 171
Earl Brydges - new oil burner (church) 1,980
Gord Smith - refrigerator (manse) 861
Flooring (manse) 1,258
S__1..280
Note: Heating improvements costing approximately $3,400
have been contracted for. This work was not done
by the end of the year.

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