Annual Report 2012 – compressed - York St Church of Christ

APPENDIX 1SUMMARY OF MINUTES OF 2011 AGMThe Annual General Meeting (AGM) of York Street Church of Christ was held on Sunday 13th November, 2011.Meeting opened at 1pmTim Clark opened the meeting by thanking the staff and all those involved in the life of the church, then opened inprayer.Tim Veal also stated that the AGM was being recorded and requested anyone speaking uses a microphone and statestheir name.1. Attendance and ApologiesTim Veal asked that all attendees fill in the attendance sheet.2. Acceptance of the 2010 AGM MinutesRichard Lyons stated that the nomination and election of Kay Wilson was not minuted, but with that amendment,Richard agreed to move the motion. It was seconded by Max Duthie.3. Business arising from the 2010 AGM MinutesNothing arising.Motion carried4. Adoption of 2011 Annual Reports (taken as read)Moved by David J Westaway and seconded by David G Westaway.5. Business Arising from 2011 ReportsMotion carriedTim Clark thanked Kristin and Lynden and others who put the reports together and asked for a round of applause fortheir assistance.- Kay WilsonKay thanked Tim and staff for their support.Offerings: a lot of people have taken advantage of direct credit. We have raised $70,000 for the building fund duringthe year which has resulted in a small drop in general offerings.Budget: Operating surplus of $32,000.Barry Brown - questioned the increase in administration fees. This relates to the change in method that Churches ofChrist use to calculate membership fees. i.e. percentage of our income, and we are likely to get a rebate.Need to find extra for increase in photocopier expenses each year ($12,000).Barry Brown queried capital expenses. Kaylene responded by saying that most expenses are due to playground &building design fees. Computer equip, gardening equip and sound and lighting equip.Missions - Church contribution is not 10% of the offering - queried by Barry Brown. Kaye will investigate but thinks it isdue to a classification error.Geoff Barlow - questioned assets register. We have not had land and buildings formally valued hence they are notrecorded as current market value -Kaye discussed the loan arrangements through the Property Fund and annual servicing costs. Interest rate wasquestioned and Richard advised of the key decision to use Property Corp as compared to other major lendinginstitutions, principally to ensure our property is not sold from under us in the event of the worst case scenario of us notbeing able to service the loan.7. Election of Kay Wilson as Treasurer for 2012Tim Veal moved that Kaye be voted Treasurer for next year and it was seconded by Rob Petty.41Motion carried