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<strong>TREASURY</strong><br />
God’s Arithmetic<br />
The Biblical stories of God multiplying the fishes and loaves are<br />
filled with incredible lessons of God’s love and care for His<br />
people, even for the most basic needs. He loves to confound<br />
us by providing blessings in ways we could never imagine. The<br />
Potomac Conference has continued to receive God’s financial<br />
blessings. In spite of the financial climate, the members of<br />
Potomac Conference have been faithful.<br />
The Potomac Conference continues to enjoy a strong financial<br />
base with working capital, exceeding the level recommend by<br />
NAD Working Policy (112% actual vs. 100% recommend).<br />
Expense management continues to be a key focus as we aim<br />
to use the resources God provides in a manner as effective as<br />
possible. Small operating surpluses have been obtained each<br />
of the two years completed since the last Constituency session.<br />
Thank you for partnering with God by committing your time,<br />
talent and resources to the Lord’s work.<br />
<strong>FINANCIAL</strong> <strong>STATEMENT</strong><br />
Potomac Conference of Seventh-Day Adventists<br />
and Potomac Conference Corporation of Seventh-<br />
Day Adventists Audited Combined Special Purpose<br />
Statement of Financial Position for years ending<br />
December 31, 2011, 2010 and 2009.<br />
*Detailed information can be requested from<br />
the Potomac Conference Treasury Department (540) 886-0771 ext. 221<br />
Pastors &<br />
Bible Workers<br />
NAD/General<br />
Conference<br />
$16<br />
Support<br />
Church<br />
$9. 30 $6. 50<br />
Programs Programs<br />
YEAR TOTAL $ CHANGE % CHANGE<br />
TITHE FROM FROM<br />
PREV. YEAR PREV. YEAR<br />
2011 $31,185,000 $661,000 2.2%<br />
2010 $30,524,000 $784,000 2.6%<br />
2009 $29,740,000 -$146,000 -0.5%<br />
HOW THE TITHE<br />
DOLLAR IS SPENT<br />
(2012 PROJECTED BUDGET)<br />
2008 $29,886,000 $268,000 0.9%<br />
2007 $29,618,000 $754,000 2.6%<br />
2006 $28,864,000 $754,000 2.7%<br />
2005 $28,110,000 $2,725,000 10.7%<br />
2004 $25,385,000 $2,062,000 8.8%<br />
$25. 20 Education<br />
$12<br />
$20. 25 Retirement<br />
$9<br />
$1. 75<br />
2003 $23,323,000 $286,000 1.2%<br />
2002 $23,037,000 $1,237,000 5.7%<br />
Columbia<br />
Union<br />
Special<br />
Programs<br />
Steve Wilson<br />
Vice President<br />
for Finance<br />
Mary Ann Sheffer<br />
Undertreasurer<br />
Daryl Hevener<br />
Conference Associate<br />
Treasurer and<br />
Corporation Treasurer<br />
Okemas Williams<br />
Associate Treasurer<br />
and Head Auditor<br />
Luis Alferez<br />
Assistant Treasurer<br />
Kanetha Peters<br />
Staff Auditor<br />
Charlene Sheffer<br />
Administrative Assistant<br />
Kandyce Hallam<br />
Payroll Specialist<br />
22<br />
<strong>grow</strong> POTOMAC CONFERENCE 2013 MID-TERM REPORT
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