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© 2016 Western Presbyterian Church; 101 E. Main St.; Palmyra, NY 14522;  315-597-9171
Following God’s Light; Sowing, Growing, and Celebratitng.
Finance Ministry Team
Western Presbyterian Church
For 2015 Western Presbyterian Church continued full financial support for our ongoing programs Worship, Christian Education, and generous Mission Outreach to both the local and extended global communities while maintaining our operating budget in the black. The source of funds for the church is shown in the chart to the right and underscores the importance of member donations. Without the faithful and generous contributions of our members, the important work of our church would not be able to continue. In 2015 there were 97 members who donated $120,576 to the work of the church. This amount represented 72.5% of the church’s total receipts. A sincere thank you to each and every one. Also, in addition to providing 25% of the funds needed for operations, income from our endowments provided $40,000 for upkeep and improvements to the edifice. The year 2015 was not without its financial challenges. Last year, too many of our faithful seniors were called home to be with the Lord, leaving a large financial hole to fill. However, due to the reduced expense of pulpit supply arising from the retirement of our Pastor, our operating results nevertheless finished the year in the black by $12,816. In response to our evolving financial environment, the Finance Team focused on an important project to redefine the Endowment Distribution Policy which was approved by Session in the fall. The policy provides a conservative supportive approach to endowment distribution to support the work of the church. In a year which saw increasing volatility and challenges in the financial markets, financial advisor Howe and Rusling professionally allocated and diversified our endowment investments to limit portfolio capital loss to a small -3.8% while at the same time earning a 4% income to help fund church operations as well as maintenance and improvements to the edifice. Many thanks to individuals serving on the finance team. Their faithful service and caring oversight financial matters allowed WPC to continue important services and missions. It has been an honor to work with Lois Daniels, Irene Fadden, Rena Haigh, Randy Kennard, and Dick Kirchhoff, together with ex-officio members Eric Chapman, Treasurer and Val Gendron, Bookkeeper. Key projects beyond the daily financial management for the church included: 1. Completing a successful external audit. 2. Budgeting for 2016. 3. Coordinating the 2016 pledge campaign and mailing. 4. Recommending to Session a new Endowment Distribution Policy. 5. Coordinating endowment oversight through Howe & Rusling. Respectfully submitted, William Bush Chair, Finance Team Home About WPC Mission Work Life Together Member Resources Planning Contact Us