WestCoast Challenge: Financial Update

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Henry Kwok
WestCoast Baptist Association Treasurer

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As of January 2016, there are 79 churches, church plants and ministries registered in WestCoast Baptist Association. Only 38 of them supported financially in 2015. Therefore, this is less than 50% participation. 

The 2015 year-end General Fund balance was a deficit of $4,400. The estimation for the 2016 General Fund net income will be a deficit of $8,000. This means that by the end of 2016, General Fund balance will be over $12,000 in deficit.

Our association had reduced expenses dramatically in 2016 by reducing the Office Administrator’s pay and hours, froze the pay of the Church Ministry Catalyst, eliminating the printing of the newsletter and annual directory, reducing support to The Friends of Natives from $12,000 to $1,200 and eliminating one office phone line. Even with these measures, we still end up with over $8000 in deficit in 2016 net income.

The financial contribution from the membership has been flat for the last few years. In short, the overall membership needs to increase 15% of their gifts for the Association to have a balance budget.

Please continue to pray and see how your church may support the financial needs of the Association.

 

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