Finance Committee
Generally there are four venues to support our church and our parent church. The “General” and “Memorial” funds sustain and enhance Emmanuel. “Mission & Service (M&S)” sustains United Church Canada and the “Mortgage” fund pays down our debt from when this church was built in 1986 and was renamed the "Legacy Fund" in 2019.
GENERAL FUND (local church expenses)
Emmanuel’s ministerial (staff), building (heat, hydro, water, etc.) and programs are sustained by the general fund. Reserves exist for lean years and upgrades upon replacement.
MEMORIAL FUND (worship of God and beautification of sanctuary)
This fund, which was $902 at the beginning of 2017 is administered by our Worship Committee. The priorities are choir gown stoles and a UCC banner featuring the new identity. The sound system will soon need refurbishing.
“In Memorium” donations in memory of family or friends should identify the person honoured and the fund supported. Traditionally donations go to the Memorial Fund; however other options might reflect the priority interest within the church held by the donor or person being honoured.
MISSIONS AND SERVICE FUND
Monthly, “M&S” offerings and donations are forwarded to United Church Canada. They sustain the Church’s operation and support its national and international programs. The objective in 2017 is to provide $8000 to United Church Canada through your M&S offerings and donations.
MORTGAGE FUND becomes the Legacy Fund in September 2019
Emmanuel United Church received a bequest of $80,000 in 2019. On June 20, 2019 the estate paid $18,535.19 to United Church Canada to discharge Emmanuel’s 1986 “Ventures in Mission” loan (mortgage). Council approved Finance Committee’s recommendation to create a “Legacy Fund” at its September meeting. The Legacy Fund replaces the “mortgage fund” and donations to both were received and reported through 2019. The Legacy Fund serves a similar purpose to the Trustee’s loan (1996) of $15,000 which continues.
Legacy Fund- new in 2019
(ii) interest earned, and, if necessary, invested funds be applied to achieve a balanced budget annually, or to assist in growing other means to sustain the church.”
Special Offering Envelopes are frequently used to sponsor and show support for Emmanuel’s “food” events, UCW or the West Ferris Community Brunch. They serve a similar purpose to support UCC (Disaster Relief) or Manitou Conference (youth) initiatives.
* EUC Finance Committee: Elaine Simmens (‘10); Dave Robinson (‘11; Brenda Cote (‘16); Greg Wilcox (‘16);
Sherri Pinder (‘17) Jessica Rochon (‘19).
GENERAL FUND (local church expenses)
Emmanuel’s ministerial (staff), building (heat, hydro, water, etc.) and programs are sustained by the general fund. Reserves exist for lean years and upgrades upon replacement.
MEMORIAL FUND (worship of God and beautification of sanctuary)
This fund, which was $902 at the beginning of 2017 is administered by our Worship Committee. The priorities are choir gown stoles and a UCC banner featuring the new identity. The sound system will soon need refurbishing.
“In Memorium” donations in memory of family or friends should identify the person honoured and the fund supported. Traditionally donations go to the Memorial Fund; however other options might reflect the priority interest within the church held by the donor or person being honoured.
MISSIONS AND SERVICE FUND
Monthly, “M&S” offerings and donations are forwarded to United Church Canada. They sustain the Church’s operation and support its national and international programs. The objective in 2017 is to provide $8000 to United Church Canada through your M&S offerings and donations.
MORTGAGE FUND becomes the Legacy Fund in September 2019
Emmanuel United Church received a bequest of $80,000 in 2019. On June 20, 2019 the estate paid $18,535.19 to United Church Canada to discharge Emmanuel’s 1986 “Ventures in Mission” loan (mortgage). Council approved Finance Committee’s recommendation to create a “Legacy Fund” at its September meeting. The Legacy Fund replaces the “mortgage fund” and donations to both were received and reported through 2019. The Legacy Fund serves a similar purpose to the Trustee’s loan (1996) of $15,000 which continues.
Legacy Fund- new in 2019
- The Legacy Fund replaces the “mortgage fund” and provides:
(ii) interest earned, and, if necessary, invested funds be applied to achieve a balanced budget annually, or to assist in growing other means to sustain the church.”
- There were other donations to the Legacy Fund once it was established, and Council did authorize use of the bequest to carry out enhancements in 2019.
- Effectively the “Legacy Fund” is Emmanuel’s sole accessible reserve to offset local church expenses as we move into 2020.
Special Offering Envelopes are frequently used to sponsor and show support for Emmanuel’s “food” events, UCW or the West Ferris Community Brunch. They serve a similar purpose to support UCC (Disaster Relief) or Manitou Conference (youth) initiatives.
* EUC Finance Committee: Elaine Simmens (‘10); Dave Robinson (‘11; Brenda Cote (‘16); Greg Wilcox (‘16);
Sherri Pinder (‘17) Jessica Rochon (‘19).
