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6
WESTMINSTER ST. PAUL’S PRESBYTERIAN CHURCH
TREASURER’S REPORT
as DECEMBER 31, 1988
I would like to comment on the following financial reports
contained herein.
1. Balance Sheet
2. Statement of Revenue and Expenses
3. Schedule of Church, and Manse expenses
4. Proposed Budget - 1988
1. Balance Sheet
Bank
Bank (indebtedness) can be summarized as follows:—
1987 1988
Trust account $500 $500
Savings account 7,838 11,123
Transfer clearing account (S, 009) (6,223)
Cash on hand 3,329 5S, 400
Due to Crieff Hills (3, 500) (3,500)
Due to P.C.1.C. = (60)
= Bank (Indebtedness) ($171) $1,840
seecess seeeces
At their January meeting, the Board of Managers established a
Property improvement fund to provide for major improvements
to the Church, or the Manse properties in the future (e.g. paving
the parking lot). The treasurer was instructed to set up a bank
account and deposit the 1988 cash surplus therein. The Finance
Committee will be responsible for administering the fund.
Prepaid expenses i
Prepaid expenses included:— Health and Dental premiums for the
first quarter of 1989 - $278, and prepaid insurance expense of
$384. :
Fixed assets
The additions to Equipment included:- the V.C.R. unit for the
Christian Education committee. 5
The Trustees should insure that both the V.C.R. unit and the Piano
are adequately covered by the Church’s insurance policy.
Accounts payable
Accounts payable included!:- The Daily Mercury $227 and Union
= gas $7.

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