Archive for the 'Finance' Category

FINANCE

Tuesday, June 19th, 2007

Committee chair: John Freedman

Members: Jeff Bovee, Peggy Fisher, Archie Harris, Joan Oxenholt, Mike Schwartz

We believe that faith, faithfulness, financial integrity and a lot of hard work will pay off. We ask you to consider 10 different areas for further work:

  • Endowments—We need our local schools, academies and universities, conferences, unions and divisions to work on long-term funding solutions for education.
  • Donations and Development—We must emphasize close donor relations and customer service, develop strong resources for development work from alumni and other support groups.
  • Stewardship—Hire an NPUC Stewardship Director to develop a unionwide financial literacy plan that increases the tithe base by 10 percent annually. Tithe increases would help fund education needs.
  • Tithe Reversion for Ethnic Churches—A 2 percent tithe reversion to ethnic churches with low per capita tithe, earmarked for helping to send children from those churches to Adventist schools with the NPUC matching the 2 percent.
  • Enrollment Increases—Help our parents think of and plan for private education early with education savings accounts invested with the conference or NPUC.
  • Facilities—Encourage funding of depreciation within school budgets for campus upgrades that also assist in recruitment.
  • Leadership and Financial Training—Annually train school personnel in best budgeting practices, best collection practices, financial ratios and depreciation.
  • Trusts and Wills—Provide Adventist education brochures as a resource for conference trust departments to explain the benefits of investing in the future of our children.
  • Central Purchasing—Consider the implications of outsourcing meal purchases at our academies and centrally distributing supplies.