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

• The Legacy Fund replaces the “mortgage fund” and  provides:

“(i) the current bank balance to pay expenses (local church and UCC) to be at least $13,000 at the beginning of each year, and
(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.

Offerings through PAR or envelopes can be directed to the fund of your choice. Special Offerings envelopes are available and easy to use to note donor, purpose and/or fund supported. Remembering PAR is a three digit number starting with “1”, simply circle (PAR on envelope) and provide name and/or number. Guests merely place donation in envelope, note fund or interest supported and provide name and address, if not cheque. Receipts for tax purposes are issued for amounts over $20.
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 2020-2021: CHAIR-Dave Robinson; TREASURER-Brenda Cote;
 ENVELOPE SECRETARY- Sherri Pinder; Elaine Simmens; Greg Wilcox; ​Jessi Rochon 

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