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Here - International Pentecostal Holiness Church

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Page 44 of 132<br />

Meeting of the IPHC<br />

General Finance Committee<br />

May 24, 2010<br />

Present: Tommy McGhee, Chairman; Roger Halvorson; David Stephens; Tim Lane;<br />

Jimmy Whitfield; Mike Dodson; Gary Crouch; Richard Goad; also present: Greg<br />

Hearn, CFO<br />

Chairman McGhee welcomed committee and distributed agenda.<br />

Roger Halvorson led in prayer.<br />

Chairman McGhee gave an update on the decision related to the employment of<br />

Joe Iaquinta. The recommendation of the GFC was accepted by the Executive<br />

Council.<br />

Greg Hearn led in orientation of the reports.<br />

GFC reviewed reports:<br />

• GMC Balance sheet by restriction<br />

• Tithe Income Summary Through April 2010<br />

• Statement of Revenues and Expenditures<br />

GFC requested of the CFO to receive a report by Division on a monthly basis.<br />

GFC adjourned.<br />

COB Meeting July 19-20, 2010

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