Gleaning the Minutes of the COG 2014 minutes financial section…

Gleaning the Minutes of the COG 2014 minutes financial section reveals a Church in trouble financially. The balance on hand in August 31, 2014 is $318!!! The balance on August 31, 2013 was a negative ($140,831).

Receipts from the field in 2013 was $20 million and receipts for 2014 was $20 million.

You probably do a much better job managing your personal finances than the denomination. (reminds one of the Federal Government)

World missions does much better with receipts and disbursements. 2013 and 2014 each year is around $25 million with a balance of 2 – 3 million dollars.

University Of Lee had a balance in 2013 of $10 million and a balance of negative ($13,609,291) in August 31, 2014.

I wish I could understand the breakdown of disbursements however the various ministries are operating on a tight budget.

I would like to know the breakdown of executive salaries and I would assume it is not a profitable place for one to work.

The Publishing house had a closing balance of $175,000. I assume it is rewarding to be employed with the publishing house.